SouthState Bank (SSB) director awarded 1,050 restricted share units as annual fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POU WILLIAM K JR reported acquisition or exercise transactions in this Form 4 filing.
SouthState Bank Corp director William K. Pou Jr. received a grant of 1,050 Restricted Share Units as part of the stock component of his annual director fees. Each RSU represents a right to receive one share of common stock at a reference value of $97.48 per share.
Following this award, Pou holds 1,050 RSUs directly, all linked to 1,050 underlying shares of common stock. According to the footnote, these time-vested RSUs were granted on May 1, 2026 and cliff vested on November 1, 2026, reflecting routine equity-based board compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
POU WILLIAM K JR
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 price per RSU: $97.48 per unit
RSUs after transaction: 1,050 units
+3 more
6 metrics
RSUs granted
1,050 units
Time-vested Restricted Share Units granted as annual director fees
Grant price per RSU
$97.48 per unit
Transaction price and conversion price for the RSU award
RSUs after transaction
1,050 units
Total derivative securities following the RSU grant
Underlying common shares
1,050 shares
Common stock underlying the granted Restricted Share Units
Grant date
May 1, 2026
Date RSUs granted as part of annual director fees
Cliff vest date
November 1, 2026
Date when the time-vested RSUs fully vested
Key Terms
Restricted Share Units, time vested, cliff vested, annual director fees, +1 more
5 terms
time vested financial
"Number of common shares issued pursuant to the time vested Restricted Share Units ("RSUs")"
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."
underlying security financial
"underlying_security_title": "Common Stock", "underlying_security_shares": "1050.0000""
FAQ
What insider transaction did SouthState Bank Corp (SSB) report for William K. Pou Jr.?
SouthState Bank Corp reported that director William K. Pou Jr. received 1,050 Restricted Share Units as part of his annual director fees. These RSUs are a stock-based compensation award, not an open-market purchase or sale of shares.
How many SouthState Bank Corp RSUs did William K. Pou Jr. acquire in this Form 4?
William K. Pou Jr. acquired 1,050 Restricted Share Units tied to SouthState Bank Corp common stock. Each RSU corresponds to one underlying share, giving him 1,050 RSUs and 1,050 underlying common shares following this compensation grant.
At what value were the SouthState Bank Corp RSUs granted to William K. Pou Jr.?
The 1,050 Restricted Share Units were granted at a reference value of $97.48 per unit. This value is shown as the transaction price and conversion price, helping quantify the stock-based portion of Pou’s annual director compensation package.
Are the SouthState Bank Corp RSUs for William K. Pou Jr. a routine compensation award?
Yes. The filing states the RSUs were granted as part of the stock component of annual director fees and are time vested. This indicates routine board compensation rather than discretionary buying or selling of SouthState Bank Corp shares in the open market.
When did the SouthState Bank Corp RSUs for William K. Pou Jr. vest?
The footnote explains that the time-vested Restricted Share Units granted on May 1, 2026 cliff vested on November 1, 2026. Cliff vesting means the entire 1,050-unit award became vested on that single vesting date, instead of vesting gradually over time.