SouthState Bank Corp (SSB) director awarded 506 shares in lieu of cash retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hertz Douglas J. reported acquisition or exercise transactions in this Form 4 filing.
SouthState Bank Corp director Douglas J. Hertz received 506 shares of Common Stock on May 4, 2026 as a grant/award. The shares were valued at $96.46 per share and were issued in lieu of his quarterly cash retainer payment as a director.
After this stock grant, Hertz directly holds 19,008 shares of SouthState Bank Corp common stock. This is a compensation-related award, not an open-market purchase, and reflects part of his regular board remuneration being paid in stock instead of cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hertz Douglas J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 506 | $96.46 | $49K |
Holdings After Transaction:
Common Stock — 19,008 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 506 shares
Grant price per share: $96.46 per share
Shares held after grant: 19,008 shares
3 metrics
Shares granted
506 shares
Director stock grant on May 4, 2026
Grant price per share
$96.46 per share
Implied value for Common Stock grant
Shares held after grant
19,008 shares
Douglas J. Hertz direct Common Stock holdings post-transaction
Key Terms
Form 4, grant/award acquisition, quarterly cash retainer payment, Common Stock
4 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
grant/award acquisition financial
""transaction_action": "grant/award acquisition""
quarterly cash retainer payment financial
"in lieu of quarterly cash retainer payment."
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did SouthState Bank Corp (SSB) report for Douglas J. Hertz?
SouthState Bank Corp reported that director Douglas J. Hertz received 506 shares of Common Stock as a grant on May 4, 2026. The shares were issued in lieu of his quarterly cash retainer, making this a compensation-related stock award rather than a market trade.
Was the SouthState Bank Corp (SSB) Form 4 transaction a stock purchase or a grant?
The Form 4 transaction was a stock grant, not a purchase. Douglas J. Hertz received 506 shares of Common Stock as a grant/award acquisition, issued instead of receiving his quarterly cash retainer, according to the filing footnote.
What was the implied value of Douglas J. Hertz’s SouthState Bank Corp (SSB) stock grant?
The grant to Douglas J. Hertz was 506 shares valued at $96.46 per share. This implies total consideration of roughly $48,800 for his quarterly director retainer, paid in SouthState Bank Corp Common Stock rather than cash.
Does the SouthState Bank Corp (SSB) Form 4 indicate any stock sales by Douglas J. Hertz?
The Form 4 does not report any stock sales by Douglas J. Hertz. It only shows an acquisition of 506 shares through a grant/award, issued as compensation in place of his quarterly cash retainer for board service.