Vanguard reports 5.16M-share stake in SouthState Bank Corp (SSB)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
SouthState Bank Corp reported a Schedule 13G ownership filing by Vanguard Capital Management showing 5,164,709 shares of Common Stock, equal to 5.26% of the class. The filing states Vanguard has sole power to dispose of 5,164,709 shares and sole voting power over 761,037 shares. The filing lists Vanguard's business address in Malvern, PA.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 5,164,709 shares
Percent of class: 5.26%
Sole voting power: 761,037 shares
+1 more
4 metrics
Beneficial ownership
5,164,709 shares
Amount beneficially owned reported on Schedule 13G
Percent of class
5.26%
Percent of Common Stock reported in Item 4
Sole voting power
761,037 shares
Shares with sole power to vote reported in Item 4(c)(i)
Sole dispositive power
5,164,709 shares
Shares with sole power to dispose reported in Item 4(c)(iii)
Key Terms
Schedule 13G, beneficially owned, sole dispositive power, sole voting power
4 terms
Schedule 13G regulatory
"Item 1. | (a) | Name of issuer: SOUTHSTATE BANK CORP"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 5164709"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive power regulatory
"(iii) Sole power to dispose or to direct the disposition of: 5164709"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
sole voting power regulatory
"(i) Sole power to vote or to direct the vote: 761037"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.