SouthState (SSB) Chief Credit Officer Sells 5,000 Shares
Rhea-AI Filing Summary
Daniel E. Bockhorst, Chief Credit Officer of SouthState Corp (SSB), reported a sale of 5,000 shares of the issuer's common stock on 08/22/2025 at a price of $99.60 per share. After the reported transaction, the filing shows 31,785 shares beneficially owned. The Form 4 was filed for one reporting person and the signature on the form was executed by William E. Matthews, V, CFO, pursuant to power of attorney.
Positive
- Transaction fully disclosed on Form 4 with specific shares, price, and date provided
- Remaining beneficial ownership reported as 31,785 shares after the sale
Negative
- Disposition of 5,000 shares represents a reduction in the officer's direct stake
- No explanation for the sale is provided in the filing
Insights
TL;DR: This is a routine insider sale disclosure showing a modest reduction in the officer's stake without additional context.
The filing documents a single non-derivative sale of 5,000 common shares at $99.60 on 08/22/2025, leaving 31,785 shares beneficially owned. As the filing contains no information about the reason for the sale, any assessment of impact on ownership concentration or signaling is limited to the raw transaction data provided.
TL;DR: Proper Form 4 disclosure was made for an officer's share disposition; no governance issues are evident from the form alone.
The report identifies the reporting person as an officer (Chief Credit Officer) and indicates a direct disposition of common stock. The signature block shows the CFO signed under power of attorney. The document provides transparent reporting of the transaction but offers no further governance-related detail.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $99.60 | $498K |