SouthState (SSB) CEO donates 5,000 shares; Form 4 disclosure
Rhea-AI Filing Summary
John C. Corbett, CEO and Director of SouthState Corp (SSB), reported a donation of common stock. On 08/27/2025 he disposed of 5,000 shares of SouthState common stock as a bona fide gift to a charitable organization, reported at a transaction price of $0.00. After the reported transaction he beneficially owned 112,750 shares. The Form 4 was submitted by William E. Matthews, V, CFO, pursuant to power of attorney.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider charitable gift; routine disclosure with no indication of trading for personal gain.
The filing documents a non-sale disposition: 5,000 shares were given to charity and reported at $0.00, consistent with a donation rather than a market sale. Reporting by the CEO and Director is timely and executed via a company officer under power of attorney, which is standard practice for insiders who delegate filing duties. There is no information in the form suggesting unusual timing, policy breaches, or material change to control.
TL;DR: Small, non-cash transfer; immaterial to share count or valuation.
The 5,000-share gift reduces the insider's reported holdings to 112,750 shares. The transaction price is listed as $0.00 reflecting a charitable transfer. For most publicly traded banks of SouthState's size, this change is unlikely to move market perceptions or materially affect insider alignment with shareholders. The form provides clear disclosure but no earnings or operational data.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Bona fide gift to a charitable organization.
FAQ
What transaction did John C. Corbett report on Form 4 for SSB?
Who signed or filed the Form 4 for John C. Corbett?
Does the Form 4 indicate the transaction was part of a trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.