SouthState Bank (SSB) CCO gains 2,834 shares, withholds stock for taxes
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,792 shares
Net Buy
2 txns
Insider
BOCKHORST DANIEL E
Role
Chief Credit Officer
| 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 |
Holdings After Transaction:
Common Stock — 36,530 shares (Direct)
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
What insider transactions did SouthState Bank Corp (SSB) report for Daniel E. Bockhorst?
Daniel E. Bockhorst reported two equity-related transactions. He acquired 2,834 shares of common stock from performance share units and had 42 shares withheld to satisfy tax obligations. These transactions reflect compensation-related activity rather than open-market buying or selling.
What equity award was involved in Daniel E. Bockhorst’s SouthState Bank Corp (SSB) Form 4?
The transactions involved performance share units (PSUs). The filing states 2,834 shares of common stock were issued pursuant to PSUs awarded on January 24, 2023, which vested after a three-year performance period ending December 31, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.