SouthState (SSB) CSO receives PSU shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
YOUNG STEPHEN DEAN
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 10,433 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,122 | $105.44 | $435K |
Holdings After Transaction:
Common Stock — 57,057 shares (Direct)
Footnotes (1)
- 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. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
FAQ
What did SouthState (SSB) Chief Strategy Officer report in this Form 4?
SouthState (SSB) Chief Strategy Officer Stephen Dean Young reported equity compensation activity. 10,433 common shares were issued from previously granted Performance Share Units, and 4,122 shares were withheld to satisfy tax obligations related to those securities.