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.
Positive
- None.
Negative
- None.
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.
How many SouthState Bank Corp (SSB) shares does the officer own after the reported transactions?
Following the reported vesting and tax withholding transactions on 01/01/2026, the officer directly beneficially owns 62,027 shares of SouthState Bank Corp common stock.
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.
Why were 1,352 SouthState Bank Corp (SSB) shares disposed of in the Form 4?
The disposition of 1,352 shares of SouthState Bank Corp common stock at $94.11 per share is described as withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
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.