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