SouthState Bank (SSB) COO reports PSU vesting and tax share withholding
Rhea-AI Filing Summary
SouthState Bank Corp Chief Operating Officer Renee R. Brooks reported equity compensation activity involving company common stock. On February 20, 2026, she acquired 5,945 shares through the exercise or conversion of derivative securities, corresponding to performance share units awarded on January 24, 2023 after a three-year performance period ending December 31, 2025. On the same date, 1,788 shares were disposed of at $105.44 per share to cover tax liabilities related to these awards, as permitted under Rule 16(b)-3. Following these transactions, she directly owned 39,982 common shares of SouthState Bank Corp.
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Insights
COO reports routine PSU vesting and tax-share withholding, with no open-market trades.
The disclosure shows Renee R. Brooks, Chief Operating Officer of SouthState Bank Corp, receiving 5,945 common shares from performance share units granted on January 24, 2023, after a three-year performance period ending December 31, 2025.
A separate line shows 1,788 shares withheld at $105.44 per share to satisfy tax obligations associated with the equity award, described as a payment of tax liability by delivering securities. This is categorized as a tax-withholding disposition rather than an open-market sale.
After these transactions, Brooks directly held 39,982 common shares. The activity reflects equity compensation mechanics and tax settlement, with no indication of discretionary buying or selling in the open market in this report.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 5,945 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,788 | $105.44 | $189K |
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.