SouthState Bank (SSB) COO granted new PSUs and RSUs
Rhea-AI Filing Summary
SouthState Bank Corp Chief Operating Officer Renee R. Brooks reported equity awards in the form of performance and restricted share units. On 01/20/2026, she was granted 4,817 Performance Share Units (PSUs) at a reference price of $96.88, which will vest after a three-year performance period ending on December 31, 2028 and can be settled one-for-one in common stock. She was also granted 3,211 time-vested Restricted Share Units (RSUs) at $96.88, vesting in three equal installments on January 1, 2027, 2028 and 2029, each exchangeable one-for-one into common stock after vesting. Following these awards, she beneficially owned 17,198 PSUs and 5,989 RSUs directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 4,817 | $96.88 | $467K |
| Grant/Award | Restricted Share Units | 3,211 | $96.88 | $311K |
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 activity did SouthState Bank Corp (SSB) report for Renee R. Brooks?
The filing shows that Chief Operating Officer Renee R. Brooks received new equity awards consisting of Performance Share Units (PSUs) and Restricted Share Units (RSUs) on 01/20/2026.
What are the vesting terms for the PSUs reported in the SSB Form 4?
The 4,817 PSUs vest following a three-year performance period ending on December 31, 2028, after which they are exchangeable into common stock at a 1-for-1 rate.
When do the RSUs granted to SouthState (SSB) COO vest?
The 3,211 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.
How many derivative securities does the SouthState COO hold after these awards?
After the reported transactions, Renee R. Brooks directly beneficially owned 17,198 Performance Share Units and 5,989 Restricted Share Units.
Why was the SouthState COO Form 4 filed later than the transaction date?
The remarks state that the timing of the filing was due to an administrative delay.