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SouthState Bank (SSB) CAO gets 2,472 shares from PSUs, withholds 665 for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SouthState Bank Corp Chief Administrative Officer Jennifer Idell reported equity award activity rather than open-market trading. On February 20, 2026, she acquired 2,472 shares of common stock at $0.00 per share through the exercise or conversion of a derivative security, tied to Performance Share Units awarded on January 24, 2023 after a three-year performance period ending December 31, 2025.

On the same date, 665 shares were disposed of at $105.44 per share as a tax-withholding disposition to cover liabilities on the award, in accordance with Rule 16(b)-3. After these transactions, Idell directly owned 19,049 shares of SouthState Bank Corp common stock.

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Insider Idell Jennifer
Role Chief Administrative Officer
Type Security Shares Price Value
Exercise Common Stock 2,472 $0.00 --
Tax Withholding Common Stock 665 $105.44 $70K
Holdings After Transaction: Common Stock — 19,714 shares (Direct)
Footnotes (1)
  1. Number of common shares issued pursuant to the Performance Share Units ("PSUs") awarded on 1/24/23; PSUs vested after the 3-year performance period ending December 31, 2025. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Idell Jennifer
(Last) (First) (Middle)
1101 FIRST STREET SOUTH, SUITE 202
(Street)
WINTER HAVEN FL 33880
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SouthState Bank Corp [ SSB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Administrative Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2026 02/20/2026 M(1) 2,472 A $0.00 19,714 D
Common Stock 02/20/2026 02/20/2026 F(2) 665 D $105.44 19,049 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Number of common shares issued pursuant to the Performance Share Units ("PSUs") awarded on 1/24/23; PSUs vested after the 3-year performance period ending December 31, 2025.
2. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
Remarks:
William E. Matthews, V, CFO, pursuant to power of attorney 02/23/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did SouthState Bank (SSB) executive Jennifer Idell report on this Form 4?

Jennifer Idell reported equity award activity involving SouthState Bank common stock. She acquired shares through the exercise of Performance Share Units and had additional shares withheld to cover tax liabilities associated with that award, rather than conducting open-market purchases or sales.

How many SouthState Bank (SSB) shares did Jennifer Idell acquire and at what price?

Jennifer Idell acquired 2,472 shares of SouthState Bank common stock at $0.00 per share. The shares were issued upon exercise or conversion of Performance Share Units awarded on January 24, 2023, following a three-year performance period ending December 31, 2025.

Why were 665 SouthState Bank (SSB) shares disposed of in Jennifer Idell’s Form 4?

The Form 4 shows 665 shares disposed at $105.44 per share as a tax-withholding disposition. These shares were withheld to pay tax liabilities applicable to securities issued under Rule 16(b)-3, rather than being sold in a discretionary open-market transaction.

What are the Performance Share Units mentioned in the SouthState Bank (SSB) Form 4?

The filing explains that the 2,472 issued shares came from Performance Share Units awarded on January 24, 2023. These PSUs vested after a three-year performance period ending December 31, 2025, triggering issuance of common shares to Jennifer Idell.

How many SouthState Bank (SSB) shares does Jennifer Idell own after these transactions?

After the reported equity award exercise and related tax withholding, Jennifer Idell directly owned 19,049 shares of SouthState Bank common stock. This figure reflects both the 2,472 shares received from PSU vesting and the 665 shares used to satisfy tax obligations.

Does the SouthState Bank (SSB) Form 4 show open-market buying or selling by Jennifer Idell?

The Form 4 shows an exercise or conversion of Performance Share Units and a tax-withholding disposition. The disposal is specifically described as withholding of shares to pay tax liabilities under Rule 16(b)-3, not a standard open-market buy or sell transaction.