SouthState Bank CSO exercises and withholds shares
SouthState Bank Corp’s Chief Strategy Officer Stephen Dean Young reported equity compensation activity in company stock.
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Rhea-AI Filing Summary
SouthState Bank Corp’s Chief Strategy Officer Stephen Dean Young reported equity compensation activity in company stock. On 1/24/23, he was awarded Performance Share Units that resulted in the issuance of 10,433 common shares after a three-year performance period ending December 31, 2025.
On February 20, 2026, 10,433 common shares were acquired through exercise or conversion of a derivative security at no stated price per share, and 4,122 shares were withheld to cover tax liabilities at a price of $105.44 per share. After these transactions, he directly owned 52,935 common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 10,433 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,122 | $105.44 | $435K |
Footnotes (2)
- F1. Number of common shares issued pursuant to the Performance Share Units ("PSUs") awarded on 1/24/23; PSUs vested after the 3-year performance period ending December 31, 2025.
- F2. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
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What did SouthState (SSB) Chief Strategy Officer report in this Form 4?
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