SouthState Bank (SSB) director awarded 1,050 RSUs as annual stock fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAVIS MARTIN BERNARD reported acquisition or exercise transactions in this Form 4 filing.
SouthState Bank Corp director Martin Bernard Davis received a grant of restricted share units. On May 1, 2026, he was awarded 1,050 Restricted Share Units (RSUs), each tied to one share of common stock at a reference value of $97.48 per share. These RSUs were granted as the stock component of his annual director fees and are scheduled to cliff vest on November 1, 2026. Following this award, his reported holdings for this RSU grant total 1,050 underlying common shares, reflecting compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAVIS MARTIN BERNARD
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 1,050 | $97.48 | $102K |
Holdings After Transaction:
Restricted Share Units — 1,050 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,050 units
Grant-date value per RSU: $97.48 per unit
Underlying common shares: 1,050 shares
+3 more
6 metrics
RSUs granted
1,050 units
Restricted Share Units granted on May 1, 2026
Grant-date value per RSU
$97.48 per unit
Reference price for RSU grant
Underlying common shares
1,050 shares
Common stock underlying the RSU award
Holdings after grant
1,050 RSU-linked shares
Total underlying common shares following the transaction
Grant date
May 1, 2026
RSU award date for director fees
Cliff vesting date
November 1, 2026
Date when all 1,050 RSUs vest
Key Terms
Restricted Share Units, cliff vested, annual director fees
3 terms
cliff vested financial
"These RSUs cliff vested on 11/1/2026."
annual director fees financial
"granted on 5/1/2026 as part of the stock component of the annual director fees."
FAQ
What insider transaction did SouthState Bank Corp (SSB) report for Martin Bernard Davis?
SouthState Bank Corp reported that director Martin Bernard Davis received a grant of 1,050 Restricted Share Units on May 1, 2026. These units represent stock-based compensation rather than an open-market share purchase or sale and are linked to an equal number of common shares.
How many SouthState Bank Corp (SSB) RSUs were granted to the director?
The filing shows a grant of 1,050 Restricted Share Units to director Martin Bernard Davis. Each RSU corresponds to one share of SouthState Bank Corp common stock, making the award economically equivalent to 1,050 shares once vested and settled, subject to the plan’s terms.
What is the reference price for the SouthState Bank Corp (SSB) RSU grant?
The RSU grant is recorded at a reference price of $97.48 per unit. This figure typically reflects the grant-date fair value used for accounting and compensation purposes, not cash paid by the director, since this award is part of his annual director fees.
When do the SouthState Bank Corp (SSB) RSUs granted to the director vest?
According to the footnote, the Restricted Share Units granted on May 1, 2026 cliff vested on November 1, 2026. Cliff vesting means all 1,050 units vest at once on that date rather than gradually over multiple periods, subject to applicable service conditions.
Is the SouthState Bank Corp (SSB) Form 4 transaction a market purchase or sale?
No, the Form 4 transaction reflects a grant of Restricted Share Units as compensation, not a market trade. The director did not buy or sell shares on the open market; instead, he acquired 1,050 RSUs as part of his annual director fee package.