SouthState Bank Corp (SSB) executive details RSU vesting and tax-share withholding
Rhea-AI Filing Summary
SouthState Bank Corp executive (CRO and General Counsel) reported routine equity award activity on a Form 4 dated 01/01/2026. Time-vested restricted stock units (RSUs) vested, resulting in issuances of 518, 541, and 550 shares of common stock tied to RSU grants originally awarded in 2023, 2024, and 2025, each vesting in one‑third annual installments on January 1.
To cover tax obligations on these vested shares, 687 shares of common stock were withheld at a price of $94.11 per share. After these transactions, the reporting person directly beneficially owns 24,981 shares of SouthState Bank Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 518 | $0.00 | -- |
| Exercise | Common Stock | 541 | $0.00 | -- |
| Exercise | Common Stock | 550 | $0.00 | -- |
| Tax Withholding | Common Stock | 687 | $94.11 | $65K |
Footnotes (1)
- Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/24/2023, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/23/2024, vesting at a rate of one third on each January 1st, 2025, 2026 and 2027. Number of common shares issued pursuant to the time vested RSU vested on 1/1/2026; RSU were awarded on 1/21/2025, vesting at a rate of one third on each January 1st, 2026, 2027 and 2028. Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
FAQ
What insider transaction did SouthState Bank Corp (SSB) report on this Form 4?
The Form 4 reports the vesting of time-based restricted stock units (RSUs) for an executive serving as CRO and General Counsel, along with related tax withholding in company shares.
What is the reporting person’s ownership after these SouthState Bank Corp transactions?
Following the RSU vesting and tax withholding, the reporting person directly beneficially owns 24,981 shares of SouthState Bank Corp common stock.
What were the original grant and vesting schedules for the SouthState Bank Corp RSUs?
One RSU grant was awarded on 01/24/2023 vesting one third each on January 1 of 2024, 2025, and 2026; a second on 01/23/2024 vesting one third on January 1 of 2025, 2026, and 2027; and a third on 01/21/2025 vesting one third on January 1 of 2026, 2027, and 2028.
Is this SouthState Bank Corp (SSB) Form 4 a buy or a sale on the open market?
The Form 4 reflects RSU vesting (share issuances at $0.00) and share withholding for taxes, rather than open-market purchases or sales.