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.
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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.
How many SouthState Bank Corp (SSB) shares vested for the officer on 01/01/2026?
Three time-vested RSU grants vested on 01/01/2026, issuing 1,545, 1,665, and 1,486 shares of SouthState Bank Corp common stock.
Why were 1,856 SouthState Bank Corp shares disposed of in this Form 4?
The filing states that 1,856 shares were withheld and disposed of at $94.11 per share to pay the tax liability on securities issued in accordance with Rule 16(b)-3.
What is the officer’s SouthState Bank Corp share ownership after these transactions?
After the RSU vesting and tax share withholding, the officer directly beneficially owns 46,624 shares of SouthState Bank Corp common stock.
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.