John C. Corbett - Jan 1, 2023 Form 4 Insider Report for SouthState Corp (SSB)

Role
CEO, Director
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Stock symbol
SSB
Transactions as of
Jan 1, 2023
Transactions value $
-$428,914
Form type
4
Date filed
1/4/2023, 03:55 PM
Previous filing
Feb 2, 2023
Next filing
Jan 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSB Common Stock Options Exercise $0 +9.18K +20.51% $0.00 54K Jan 1, 2023 Direct F1
transaction SSB Common Stock Options Exercise $0 +2.52K +4.66% $0.00 56.5K Jan 1, 2023 Direct F2
transaction SSB Common Stock Options Exercise $0 +2.29K +4.06% $0.00 58.8K Jan 1, 2023 Direct F3
transaction SSB Common Stock Tax liability -$429K -5.62K -9.56% $76.36 53.2K Jan 1, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of common shares issued pursuant to the completion of the hold period ending on 1/1/2023 applicable to the time vested Restricted Share Units ("RSU") vested on 1/1/2021; RSU were assumed by SouthState Corporation in connection with the CenterState Bank Corporation merger completed on 6/7/2020.
F2 Number of common shares issued pursuant to the time vested RSU vested on 1/1/2023; RSU were awarded on 1/26/2021, vesting at a rate of one third on each January 1st, 2022, 2023 and 2024.
F3 Number of common shares issued pursuant to the time vested RSU vested on 1/1/2023; RSU were awarded on 1/19/2022, vesting at a rate of one third on each January 1st, 2023, 2024 and 2025.
F4 Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.