SouthState Bank officer reports RSU vesting and tax share withholding
SouthState Bank Corp’s Chief Administrative Officer reported routine equity transactions related to previously granted restricted stock units.
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Rhea-AI Filing Summary
SouthState Bank Corp’s Chief Administrative Officer reported routine equity transactions related to previously granted restricted stock units. On 01/01/2026, common shares from three time-vested RSU awards vested, resulting in acquisitions of 366, 379, and 420 shares at a price of $0.00 as the units converted into stock. These RSUs were originally granted in 2023, 2024, and 2025 with one-third vesting each January 1 over three years.
Also on 01/01/2026, 382 shares of common stock were withheld at a price of $94.11 per share to cover tax liabilities tied to these issuances under Rule 16(b)-3. After these transactions, the reporting person directly beneficially owned 17,242 shares of SouthState Bank Corp common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 366 | $0.00 | $0.00 |
| Exercise | Common Stock | 379 | $0.00 | $0.00 |
| Exercise | Common Stock | 420 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 382 | $94.11 | $36K |
Footnotes (4)
- F1. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/24/2023, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026.
- F2. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/23/2024, vesting at a rate of one third on each January 1st, 2025, 2026 and 2027.
- F3. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/21/2025, vesting at a rate of one third on each January 1st, 2026, 2027 and 2028.
- F4. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did SouthState Bank Corp (SSB) report on 01/01/2026?
The Chief Administrative Officer reported RSU-related transactions on 01/01/2026, including the vesting and share issuance from three time-vested RSU awards and a share withholding to cover taxes.
What is the reporting person’s role at SouthState Bank Corp (SSB)?
The reporting person is an officer of SouthState Bank Corp, serving as Chief Administrative Officer.
Were the SouthState Bank Corp (SSB) transactions linked to a Rule 10b5-1 trading plan?
The form includes a checkbox for indicating transactions made under a Rule 10b5-1(c) plan, but the provided excerpt does not show that this box was marked.
AI-generated analysis. How Rhea-AI works. Not financial advice.