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SouthState Bank Corp (SSB) President receives new PSU and RSU grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SouthState Bank Corp President Murray Richard IV received new equity awards linked to the company’s common stock. On 01/20/2026 he was granted 6,178 Performance Share Units at a reference price of $96.88 each, 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.

He was also granted 4,119 time-vested Restricted Share Units at $96.88 per unit. These RSUs vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, with each vested unit exchangeable for one share of common stock. Following these awards, he directly holds 18,559 Performance Share Units and 8,954 Restricted Share Units. The filing notes that its timing was affected by an administrative delay.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MURRAY RICHARD IV

(Last) (First) (Middle)
1101 FIRST STREET SOUTH, SUITE 202

(Street)
WINTER HAVEN FL 33880

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SouthState Bank Corp [ SSB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Share Units(1) $96.88 01/20/2026 01/20/2026 A 6,178 (1) 12/31/2028 Common Stock 6,178 $96.88 18,559 D
Restricted Share Units(2) $96.88 01/20/2026 01/20/2026 A 4,119 (2) 01/01/2029 Common Stock 4,119 $96.88 8,954 D
Explanation of Responses:
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.
2. 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.
Remarks:
The timing of the filing was due to an administrative delay.
William E. Matthews, V, CFO, pursuant to power of attorney 01/26/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did SouthState Bank Corp (SSB) report for its President?

The President, Murray Richard IV, received grants of 6,178 Performance Share Units and 4,119 Restricted Share Units on January 20, 2026, both tied to SouthState Bank Corp common stock at a reference price of $96.88 per unit.

How do the Performance Share Units granted to the SSB President vest?

The 6,178 Performance Share Units awarded on January 20, 2026 will vest following a three-year performance period ending on December 31, 2028. After vesting, each unit is exchangeable for one share of SouthState Bank Corp common stock.

What is the vesting schedule for the Restricted Share Units granted to the SSB President?

The 4,119 Restricted Share Units granted on January 20, 2026 vest in three equal installments: one third on January 1, 2027, one third on January 1, 2028, and one third on January 1, 2029. Each vested RSU can be exchanged for one share of common stock.

What are the President’s derivative holdings in SouthState Bank Corp after these grants?

After the reported grants, the President directly holds 18,559 Performance Share Units and 8,954 Restricted Share Units, each unit being exchangeable for one share of SouthState Bank Corp common stock upon vesting.

Were there any special conditions noted for the SSB insider equity awards?

The filing states that the Performance Share Units are subject to a three-year performance period ending on December 31, 2028, while the Restricted Share Units vest annually on January 1, 2027, January 1, 2028, and January 1, 2029. All units convert into common stock at a 1-for-1 exchange rate after vesting.

Why was the SouthState Bank Corp Form 4 filing timing noted in the remarks?

The remarks state that the timing of the Form 4 was due to an administrative delay, indicating the report was filed later than the transaction date for process-related reasons.

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