SouthState Bank Corp (SSB) Chief Strategy Officer logs RSU vesting
Rhea-AI Filing Summary
SouthState Bank Corp's Chief Strategy Officer reported routine equity compensation activity. On 01/01/2026, three tranches of time-vested restricted stock units (RSUs) vested, resulting in the issuance of 1,545, 1,665, and 1,486 shares of common stock at an exercise price of $0.00 per share. These RSUs were originally granted in 2023, 2024, and 2025 with vesting in one-third increments each January 1 over three years.
To cover tax obligations on the newly issued shares, 1,856 shares were withheld and disposed of at a price of $94.11 per share. Following these transactions, the officer directly beneficially owns 46,624 shares of SouthState Bank Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 1,545 | $0.00 | -- |
| Exercise | Common Stock | 1,665 | $0.00 | -- |
| Exercise | Common Stock | 1,486 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,856 | $94.11 | $175K |
Footnotes (1)
- Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/24/2023, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/23/2024, vesting at a rate of one third on each January 1st, 2025, 2026 and 2027. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/21/2025, vesting at a rate of one third on each January 1st, 2026, 2027 and 2028. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
FAQ
What insider transaction did SouthState Bank Corp (SSB) report?
The Chief Strategy Officer reported vesting of restricted stock units that issued 1,545, 1,665, and 1,486 common shares on 01/01/2026, plus a related share withholding for taxes.
What role does the reporting person hold at SouthState Bank Corp (SSB)?
The reporting person is identified as an Officer of SouthState Bank Corp, serving as the company’s Chief Strategy Officer.
Were the RSUs granted to the SouthState Bank Corp officer time-vested?
Yes. The explanations state that the RSUs are time vested, each grant vesting at a rate of one third on January 1 over three consecutive years.