SouthState Bank CCO exercises PSUs, 2,834 SSB shares
SouthState Bank Corp Chief Credit Officer Daniel E. Bockhorst reported equity award activity involving company common stock.
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Rhea-AI Filing Summary
SouthState Bank Corp Chief Credit Officer Daniel E. Bockhorst reported equity award activity involving company common stock. He acquired 2,834 shares through the exercise or conversion of a derivative security tied to performance share units awarded on January 24, 2023, following a three-year performance period ending December 31, 2025. In a related move, 42 shares were withheld at a price of $105.44 per share to cover tax liabilities associated with these securities. After these transactions, he directly owned 36,530 common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 2,834 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 42 | $105.44 | $4K |
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SouthState Bank Corp (SSB) report for Daniel E. Bockhorst?
What equity award was involved in Daniel E. Bockhorst’s SouthState Bank Corp (SSB) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.