SouthState (SSB) awards PSUs and RSUs to Chief Administrative Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SouthState Bank Corp. reported equity awards to Chief Administrative Officer Jennifer Idell. On 01/20/2026 she received 2,227 Performance Share Units at a reference price of $96.88 per unit, which will vest after a three-year performance period ending on December 31, 2028. Each unit can be exchanged for one share of common stock after vesting.
The filing also shows a grant of 1,485 time-vested Restricted Share Units on the same date at $96.88 per unit. These RSUs vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, and are likewise exchangeable 1-for-1 into common stock after vesting. Both awards are held directly by Idell and represent part of her equity-based compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Idell Jennifer
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 2,227 | $96.88 | $216K |
| Grant/Award | Restricted Share Units | 1,485 | $96.88 | $144K |
Holdings After Transaction:
Performance Share Units — 7,468 shares (Direct);
Restricted Share Units — 2,702 shares (Direct)
Footnotes (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. 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.
FAQ
What insider transaction did SouthState (SSB) disclose in this Form 4?
The company reported that Chief Administrative Officer Jennifer Idell received new equity awards of Performance Share Units and Restricted Share Units on 01/20/2026 as part of her compensation.
What is the vesting schedule for Jennifer Idell’s PSUs at SouthState (SSB)?
The 2,227 PSUs awarded on 01/20/2026 will vest following a three-year performance period ending on December 31, 2028, after which they can convert into common stock 1-for-1.
What is the vesting schedule for Jennifer Idell’s RSUs at SouthState (SSB)?
The 1,485 RSUs vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, with each vested unit exchangeable into one share of common stock.
Are Jennifer Idell’s PSUs and RSUs held directly or indirectly?
The filing shows that both the PSUs and RSUs are held directly by Jennifer Idell, with no indicated indirect ownership through another entity.
Did the SouthState (SSB) Form 4 mention any reason for the filing timing?
Yes. The remarks state that the timing of the Form 4 was due to an administrative delay.