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Equity grants for SouthState (NASDAQ: SSB) chief strategy officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SouthState Bank Corp's Chief Strategy Officer Stephen Dean Young reported new equity awards in the form of performance share units and restricted share units. On January 20, 2026, he was granted 7,886 Performance Share Units (PSUs) at $96.88 and 5,257 Restricted Share Units (RSUs) at the same reference price.

The PSUs represent a target award that will vest after a three-year performance period ending December 31, 2028, and are exchangeable into common stock on a 1-for-1 basis after vesting. The RSUs vest over time, with one third vesting on each of January 1, 2027, 2028 and 2029, and are also exchangeable into common stock on a 1-for-1 basis once vested. Following these grants, Young directly holds 29,018 derivative securities tied to PSUs and 9,893 derivative securities tied to RSUs. The filing notes that its timing was affected by an administrative delay.

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)
01/20/2026
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
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
Performance Share Units(1) $96.88 01/20/2026 01/20/2026 A 7,886 (1) 12/31/2028 Common Stock 7,886 $96.88 29,018 D
Restricted Share Units(2) $96.88 01/20/2026 01/20/2026 A 5,257 (2) 01/01/2029 Common Stock 5,257 $96.88 9,893 D
Explanation of Responses:
1. Number of Performance Share Units ("PSUs") at target awarded on 1/20/26. The awards will vest following the 3-year performance period ending December 31, 2028. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
2. Number of time-vested Restricted Share Units ("RSUs") awarded on 1/20/26. The awards will vest at a rate of one third on each January 1st, 2027, 2028 and 2029. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
Remarks:
The timing of the filing was due to an administrative delay.
William E. Matthews, V, CFO, pursuant to power of attorney 01/26/2026
** 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 insider transaction did SouthState (SSB) report for Stephen Dean Young?

The filing reports that Chief Strategy Officer Stephen Dean Young received grants of 7,886 Performance Share Units (PSUs) and 5,257 Restricted Share Units (RSUs) on January 20, 2026, both referenced at $96.88 per unit.

How do the Performance Share Units granted to SouthState (SSB) executive Stephen Young vest?

The 7,886 PSUs granted on January 20, 2026 will vest after a three-year performance period ending December 31, 2028. After vesting, each unit is exchangeable for one share of SouthState common stock.

What is the vesting schedule for the Restricted Share Units granted to the SouthState (SSB) Chief Strategy Officer?

The 5,257 RSUs are time-vested awards that vest in three equal installments, with one third vesting on each of January 1, 2027, January 1, 2028 and January 1, 2029. Each vested RSU can be exchanged for one share of common stock.

How many derivative securities tied to SouthState (SSB) stock does Stephen Young hold after these grants?

After the reported transactions, Stephen Young directly holds 29,018 derivative securities related to PSUs and 9,893 derivative securities related to RSUs, all ultimately linked to SouthState common stock on a 1-for-1 basis upon vesting and exchange.

Are the SouthState (SSB) PSUs and RSUs granted to Stephen Young settled in stock?

Yes. Both the PSUs and RSUs are described as exchangeable with the Company's common stock at an exchange rate of 1 for 1 after the applicable vesting dates.

Why does the SouthState (SSB) Form 4 mention an administrative delay?

The remarks section explains that the timing of the Form 4 filing was due to an administrative delay, indicating the report was filed later than the transaction date for that reason.

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WINTER HAVEN