SouthState Bank (NASDAQ: SSB) director receives 1,050 RSUs as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cofield Ronald M. reported acquisition or exercise transactions in this Form 4 filing.
SouthState Bank Corp director Ronald M. Cofield received a grant of 1,050 Restricted Share Units (RSUs) tied to common stock. The RSUs were granted on 5/1/2026 as part of the stock component of his annual director fees and are valued at $97.48 per unit. These time-vested RSUs cliff vested on 11/1/2026, resulting in the issuance of 1,050 common shares. Following this compensation-related award, Cofield holds 1,050 RSUs/underlying shares directly, and the filing does not reflect any open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cofield Ronald M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 1,050 | $97.48 | $102K |
Holdings After Transaction:
Restricted Share Units — 1,050 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,050 units
Grant value per RSU: $97.48 per unit
Underlying common shares: 1,050 shares
+3 more
6 metrics
RSUs granted
1,050 units
Restricted Share Units granted to director on May 1, 2026
Grant value per RSU
$97.48 per unit
Reported transaction price for RSU award
Underlying common shares
1,050 shares
Common stock underlying the RSU grant
Post-transaction derivative holdings
1,050 RSUs
Total derivative shares following the award
RSU vesting date
November 1, 2026
Cliff vesting date for the granted RSUs
RSU grant date
May 1, 2026
Date RSUs were granted as annual director fees
Key Terms
Restricted Share Units, cliff vested, annual director fees, transaction code A
4 terms
cliff vested financial
"These RSUs cliff vested on 11/1/2026"
annual director fees financial
"granted on 5/1/2026 as part of the stock component of the annual director fees"
transaction code A regulatory
"transaction_code "A" indicates a grant, award, or other acquisition"
FAQ
What insider transaction did SouthState Bank Corp (SSB) report for Ronald M. Cofield?
SouthState Bank Corp reported that director Ronald M. Cofield received a grant of 1,050 Restricted Share Units. These RSUs are a stock-based compensation award rather than an open-market purchase and convert into an equal number of common shares upon vesting.
What was the grant value per RSU in the SouthState (SSB) Form 4 filing?
The Form 4 shows a grant price of $97.48 per Restricted Share Unit. This figure typically reflects the fair market value of SouthState Bank Corp common stock on the grant date used for compensation accounting purposes.
When did Ronald M. Cofield’s SouthState (SSB) RSUs vest?
The footnote explains that the 1,050 Restricted Share Units granted to Ronald M. Cofield on May 1, 2026 cliff vested on November 1, 2026. Upon this vesting date, the RSUs delivered an equal number of SouthState common shares.
Is the SouthState (SSB) RSU grant to Ronald M. Cofield an open-market stock purchase?
No, the RSU grant is a compensation award, not an open-market purchase. The Form 4 uses transaction code “A” for an award, and the footnote states the RSUs were issued as part of the stock component of annual director fees.