SSB Form 4: Chief Strategy Officer gifts 2,750 shares to charity
Rhea-AI Filing Summary
Stephen Dean Young, Chief Strategy Officer and director of SouthState Corp (SSB), reported a non‑derivative transaction on 08/28/2025 disposing of 2,750 shares of common stock as a bona fide gift to a charitable organization. After the reported transaction he beneficially owned 46,534 shares. The Form 4 was filed individually and executed by William E. Matthews, V, CFO, under power of attorney. The filing discloses no option or derivative activity and lists the disposition price as $0.00, consistent with a charitable gift.
Positive
- Transaction is a charitable gift, indicating philanthropic intent rather than a market sale
- Prompt and clear disclosure with transaction date and post‑transaction ownership provided
- No derivative activity reported, simplifying ownership and disclosure profile
Negative
- Insider ownership decreased by 2,750 shares, reducing direct beneficial stake to 46,534 shares
- Disposition reported at $0.00, which confirms a gift rather than cash proceeds
Insights
TL;DR: Insider donated shares to charity; disclosure is routine and non‑compensatory.
The Form 4 documents a charitable disposition rather than a sale for cash, which typically reflects personal philanthropic activity rather than signaling company operational concerns. The reporting person remains a significant equity holder with 46,534 shares following the gift. The transaction was filed promptly and executed under a power of attorney, indicating proper procedural compliance.
TL;DR: Small, disclosed insider disposition; limited likely market impact.
The disposition of 2,750 shares on 08/28/2025 reduces the reporting person’s direct beneficial holdings but is recorded as a charitable gift at a $0.00 price, not a market sale. No derivative positions or additional compensatory transactions are reported. From an investor materiality standpoint this appears routine and informational; the filing contains clear transaction coding and ownership totals.