SouthState Bank Corp (SSB) officer details RSU vesting and share withholding
Rhea-AI Filing Summary
SouthState Bank Corp officer reports RSU vesting and tax withholding
An executive officer of SouthState Bank Corp reported several equity transactions effective 01/01/2026. The filing shows the acquisition of 880, 964, and 907 shares of common stock at a price of $0.00 per share, reflecting the vesting of time-based restricted stock units granted in 2023, 2024, and 2025. The report also discloses the disposition of 1,352 shares of common stock at $94.11 per share to satisfy tax withholding obligations related to these equity awards. After these transactions, the officer directly beneficially owns 62,027 shares of SouthState Bank Corp common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 880 | $0.00 | -- |
| Exercise | Common Stock | 964 | $0.00 | -- |
| Exercise | Common Stock | 907 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,352 | $94.11 | $127K |
Footnotes (1)
- 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. 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. 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. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
FAQ
What insider transactions did SouthState Bank Corp (SSB) report on 01/01/2026?
The filing reports that an officer acquired 880, 964, and 907 SouthState Bank Corp common shares at $0.00 per share from vesting restricted stock units, and disposed of 1,352 shares at $94.11 per share to cover taxes.
Who is the reporting person in the SouthState Bank Corp (SSB) Form 4 and what is their role?
The reporting person is an officer of SouthState Bank Corp, listed with the title President, with the Form 4 signed on their behalf by William E. Matthews, V, CFO, under a power of attorney.
What is the nature of the RSU awards reported in the SouthState Bank Corp (SSB) Form 4?
The Form 4 explains that the common shares issued relate to time-vested RSUs that vested on 01/01/2026, originally awarded in 2023, 2024, and 2025, each vesting in three equal annual installments on January 1 of specified years.
Are the SouthState Bank Corp (SSB) insider holdings reported as direct or indirect ownership?
The Form 4 indicates that the 62,027 SouthState Bank Corp common shares beneficially owned after the transactions are held with direct (D) ownership.