SouthState Bank Corp (SSB) officer reports RSU vesting and share holdings
Rhea-AI Filing Summary
SouthState Bank Corp reported a small insider equity transaction by its Chief Accounting Officer. On January 1, 2026, time-vested restricted stock units (RSUs) granted in January 2025 and February 2025 vested, resulting in the issuance of 71 and 13 shares of common stock, respectively. The Form 4 lists these as acquisitions at a price of $0.00 per share, reflecting the nature of RSU settlements rather than open-market purchases. Following these transactions, the reporting person directly holds 4,871 shares of SouthState Bank Corp common stock. The derivative securities table shows no remaining derivative positions tied to these specific RSU awards.
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FAQ
What insider transaction did SouthState Bank Corp (SSB) disclose?
The filing reports that the Chief Accounting Officer acquired 71 and 13 SouthState Bank Corp common shares on January 1, 2026 through the vesting of time-based RSUs.
Who is the reporting person in this SouthState Bank Corp (SSB) Form 4?
The reporting person is an Officer of SouthState Bank Corp, serving as Chief Accounting Officer, as indicated in the relationship section of the form.
How many SouthState Bank Corp (SSB) shares does the insider own after this transaction?
After the RSU vesting transactions, the reporting person directly owns 4,871 shares of SouthState Bank Corp common stock.
What was the price for the SouthState Bank Corp (SSB) shares acquired?
The Form 4 shows the 71 and 13 shares acquired at a price of $0.00 per share, consistent with shares issued upon RSU vesting rather than bought in the market.
What are the vesting terms of the SouthState Bank Corp (SSB) RSUs mentioned?
The explanations state that RSUs awarded on January 21, 2025 and February 19, 2025 vest in three equal installments on each January 1 of 2026, 2027 and 2028.
Are the SouthState Bank Corp (SSB) shares held directly or indirectly by the insider?
The Form 4 classifies the 4,871 shares of common stock as held with direct (D) ownership by the reporting person.