Equity awards to SouthState (SSB) CRO Beth S. DeSimone
Rhea-AI Filing Summary
SouthState Bank Corp executive Beth S. DeSimone, CRO and General Counsel, received new equity awards. On 01/20/2026, she was awarded 2,915 Performance Share Units at a reference price of $96.88 per unit. These PSUs are at target and will vest after a 3-year performance period ending on December 31, 2028, and each vested unit can be exchanged for one share of SouthState common stock.
She was also granted 1,944 time-vested Restricted Share Units at $96.88 per unit. These RSUs vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, with each vested unit exchangeable 1-for-1 into common stock. All positions are reported as directly owned, and the filing notes the timing was affected by an administrative delay.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 2,915 | $96.88 | $282K |
| Grant/Award | Restricted Share Units | 1,944 | $96.88 | $188K |
Footnotes (1)
- Number of Performance Share Units ("PSUs") at target awarded on 1/20/26. The awards will vest following the 3-year performance period ending December 31, 2028. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date. Number of time-vested Restricted Share Units ("RSUs") awarded on 1/20/26. The awards will vest at a rate of one third on each January 1st, 2027, 2028 and 2029. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
FAQ
What insider transaction did SouthState Bank Corp (SSB) report for Beth S. DeSimone?
SouthState Bank Corp reported that Beth S. DeSimone, its CRO and General Counsel, received awards of Performance Share Units (PSUs) and Restricted Share Units (RSUs) on January 20, 2026.
What is the vesting schedule for the PSUs granted to the SouthState (SSB) CRO?
The PSUs awarded on 01/20/2026 will vest following a 3-year performance period that ends on December 31, 2028, after which each unit is exchangeable 1-for-1 into SouthState common stock.
What is the vesting schedule for the RSUs granted to the SouthState (SSB) CRO and General Counsel?
The RSUs vest in three equal installments, with one third vesting on January 1, 2027, one third on January 1, 2028, and the final third on January 1, 2029, after which they are exchangeable 1-for-1 into common stock.
Are the equity awards to Beth S. DeSimone at SouthState (SSB) held directly or indirectly?
The Form 4 indicates that the PSUs and RSUs are held directly by Beth S. DeSimone, as shown by the ownership code "D" for direct ownership and without any indirect ownership footnote.
Why was the SouthState (SSB) Form 4 for Beth S. DeSimone filed later than the transaction date?
The remarks state that the timing of the filing was due to an administrative delay, indicating the late submission was attributed to an administrative issue.