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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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.
How many Performance Share Units did the SouthState (SSB) COO receive?
Renee R. Brooks was granted 4,817 Performance Share Units at a reference price of $96.88, which can convert into an equal number of SouthState common shares after vesting.
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.
How many Restricted Share Units were granted to the SouthState COO?
The Form 4 reports a grant of 3,211 time-vested RSUs at $96.88, each potentially settling into one share of common stock when vested.
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.