SouthState Bank Corp (SSB) CEO John Corbett makes 5,000-share charitable gift
Rhea-AI Filing Summary
SouthState Bank Corp CEO and director John C. Corbett reported a bona fide gift of 5,000 shares of common stock on 2026-08-12 to a charitable organization. Following this charitable transfer, he directly holds 125,902 shares of SouthState Bank Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Corbett John C
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 5,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 125,902 shares (Direct)
Footnotes (1)
- F1. Bona fide gift to a charitable organization.
Key Figures
Shares gifted: 5,000 shares
Price per share: $0.0000
Shares held after transaction: 125,902 shares
+1 more
4 metrics
Shares gifted
5,000 shares
Bona fide gift of common stock on 2026-08-12
Price per share
$0.0000
Reported per-share amount for the gift transaction
Shares held after transaction
125,902 shares
Direct ownership by John C. Corbett following the gift
Gift transactions
1
Number of bona fide gift transactions reported in this filing
Key Terms
Bona fide gift, charitable organization
2 terms
Bona fide gift financial
"Bona fide gift to a charitable organization."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
charitable organization financial
"Bona fide gift to a charitable organization."
FAQ
What did SouthState Bank Corp (SSB) CEO John C. Corbett report in this Form 4?
John C. Corbett reported a bona fide gift of 5,000 shares of SouthState Bank Corp common stock on 2026-08-12 to a charitable organization, as disclosed in the insider transaction filing.
Was the SouthState Bank Corp (SSB) Form 4 transaction a sale or a gift?
The reported transaction was a bona fide gift, not a sale. Code G indicates a gift disposition, and the footnote specifies it was made to a charitable organization at no stated price.
AI-generated analysis. How Rhea-AI works. Not financial advice.