SouthState (SSB) insider: 272 shares issued to director as retainer (08/04/2025)

Rhea-AI Filing Summary

Filing: Form 4 filed for SouthState Corp (SSB) reporting a change in beneficial ownership by Director Page G Ruffner Jr.

Transaction: On 08/04/2025 the reporting person was issued 272 shares of Common Stock as payment in lieu of a quarterly cash retainer (stated as such in the form). The reported price per share is $93.59. After the transaction the reporting person beneficially owned 79,749 shares as a direct owner.

Filing details: Form filed by one reporting person; Form dated/recognized 08/05/2025 and executed by William E. Matthews, V, CFO, pursuant to power of attorney.

Positive

• Director increased direct holdings to 79,749 shares following the issuance
• Form 4 filed promptly (transaction 08/04/2025; filing/execution dated 08/05/2025) showing compliance with Section 16 reporting

Negative

• Shares were issued as compensation (272 shares), which represents an issuance that is dilutive in kind compared with cash payment
• Issuance was not a market purchase, so the transaction does not reflect new cash investment by the director

Insights

Financial Analyst

TL;DR Routine director compensation issued in stock: 272 shares at $93.59, modest change to insider holdings.

The Form 4 documents a non-purchase issuance of 272 common shares to Director Page G Ruffner Jr on 08/04/2025 in lieu of a quarterly cash retainer. This is a compensation-related issuance rather than an open-market buy, so it does not signal a new personal cash investment. The director's post-transaction direct beneficial ownership is 79,749 shares. For investors, this is a routine disclosure with limited direct implications for valuation absent further context on total shares outstanding or materiality thresholds.

Corporate Governance Expert

TL;DR Standard insider reporting of equity compensation; governance-compliance filing completed via POA.

The filing indicates compliance with Section 16 reporting: the issuer issued common stock as compensation to a director and the Form 4 was filed by one reporting person and signed under power of attorney by the CFO on 08/05/2025. The disclosure is clear about the nature of the issuance: "Common stock issued to the reporting Director in lieu of quarterly cash retainer payment." This is a routine corporate governance event with no stated material corporate action or change in control.

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
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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^*

PAGE G RUFFNER JR

(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 Corp [ SSB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

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
Common Stock	08/04/2025	08/04/2025	A(1)		272	A	$93.59	79,749	D

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

Explanation of Responses:

1. Common stock issued to the reporting Director in lieu of quarterly cash retainer payment.

Remarks:

	William E. Matthews, V, CFO, pursuant to power of attorney	08/05/2025
	** 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 transaction did Page G Ruffner Jr report on SSB Form 4?

The Form 4 reports that on 08/04/2025 Page G Ruffner Jr was issued 272 shares of Common Stock by SouthState Corp in lieu of a quarterly cash retainer.

How many SSB shares does the reporting director beneficially own after the transaction?

After the reported transaction the director beneficially owned 79,749 shares as a direct owner.

What price per share is listed on the Form 4 for the issuance?

The form lists a price of $93.59 per share in the transaction record.

When was the Form 4 filed and who signed it?

The Form 4 shows the reporting transaction date as 08/04/2025 and the form was executed on 08/05/2025 by William E. Matthews, V, CFO, pursuant to power of attorney.

Was this transaction a purchase or compensation issuance for SSB?

This transaction was a compensation issuance: common stock issued to the reporting director in lieu of a quarterly cash retainer, as stated in the form.