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SouthState (SSB) CSO receives PSU shares, withholds stock for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
YOUNG STEPHEN DEAN

(Last) (First) (Middle)
1101 FIRST STREET SOUTH, SUITE 202

(Street)
WINTER HAVEN FL 33880

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SouthState Bank Corp [ SSB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Strategy Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2026 02/20/2026 M(1) 10,433 A $0.00 57,057 D
Common Stock 02/20/2026 02/20/2026 F(2) 4,122 D $105.44 52,935 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
Remarks:
William E. Matthews, V, CFO, pursuant to power of attorney 02/23/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many SouthState Bank Corp shares did the officer acquire in the Form 4?

The officer acquired 10,433 SouthState Bank Corp common shares through the exercise or conversion of a derivative security. These shares resulted from Performance Share Units awarded on January 24, 2023 after a three-year performance period ending December 31, 2025.

Why were 4,122 SouthState (SSB) shares disposed of in this filing?

The 4,122 SouthState (SSB) shares were withheld to pay tax liabilities on securities issued in accordance with Rule 16(b)-3. This tax-withholding disposition used shares valued at $105.44 per share rather than a traditional open-market sale transaction.

What is Stephen Dean Young’s SouthState Bank Corp share ownership after these transactions?

After the reported transactions, Stephen Dean Young directly owned 52,935 SouthState Bank Corp common shares. This total reflects both the 10,433 shares acquired from Performance Share Units and the 4,122 shares withheld to cover related tax obligations.

What are the Performance Share Units mentioned in the SouthState (SSB) Form 4?

The Performance Share Units were equity awards granted on January 24, 2023 that converted into 10,433 common shares. They vested after a three-year performance period ending December 31, 2025, leading to the issuance of those shares reported in this Form 4.
SouthState Bank

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WINTER HAVEN