SouthState Bank Corp (SSB) insider details RSU vesting and tax share withholding
Rhea-AI Filing Summary
SouthState Bank Corp's Chief Credit Officer reported routine equity transactions tied to restricted stock units (RSUs). On 01/01/2026, three RSU awards vested, resulting in the acquisition of 420, 487, and 474 shares of common stock at an exercise price of $0.00 per share. These shares came from RSUs originally granted in 2023, 2024, and 2025, each vesting in one-third installments on specified January 1 dates.
Also on 01/01/2026, 321 shares were withheld at a price of $94.11 per share to cover tax liabilities related to these issuances, as permitted under Rule 16(b)-3. After these transactions, the officer directly beneficially owned 32,445 shares of SouthState Bank Corp common stock.
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FAQ
What insider stock transactions were reported for SouthState Bank Corp (SSB)?
The Chief Credit Officer reported RSU-related transactions on 01/01/2026, including the acquisition of 420, 487, and 474 common shares at $0.00 per share and the withholding of 321 shares at $94.11 per share to cover taxes.
How many SouthState Bank Corp shares does the reporting officer own after these transactions?
Following the reported RSU vesting and tax withholding on 01/01/2026, the Chief Credit Officer directly beneficially owned 32,445 shares of SouthState Bank Corp common stock.
What are the vesting terms of the RSUs reported by SouthState Bank Corp's officer?
One RSU grant awarded on 01/24/2023 vests one third on each January 1 of 2024, 2025, and 2026. A second grant awarded on 01/23/2024 vests one third on January 1 of 2025, 2026, and 2027. A third grant awarded on 01/21/2025 vests one third on January 1 of 2026, 2027, and 2028.
Why were 321 SouthState Bank Corp shares withheld in this insider transaction?
The filing states that 321 shares were withheld at $94.11 per share to pay the tax liability applicable to securities issued in accordance with Rule 16(b)-3.
Which SouthState Bank Corp executive is involved in these RSU transactions?
The reporting person is an Officer of SouthState Bank Corp, serving as Chief Credit Officer. The form was signed by William E. Matthews, V, CFO, pursuant to a power of attorney.
Do the reported transactions involve derivative securities of SouthState Bank Corp?
The reported activity in the excerpt relates to common stock acquired from vested RSUs and shares withheld for taxes. The table for derivative securities shows no specific derivative transactions in the provided content.