DANIEL E. BOCKHORST - 01 Jan 2023 Form 4 Insider Report for SouthState Corp (SSB)

Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Issuer symbol
SSB
Transactions as of
01 Jan 2023
Net transactions value
-$75,291
Form type
4
Filing time
04 Jan 2023, 15:59:31 UTC
Previous filing
02 Feb 2023
Next filing
25 Jan 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSB Common Stock Options Exercise $0 +2,259 +7.7% $0.000000 31,669 01 Jan 2023 Direct F1
transaction SSB Common Stock Options Exercise $0 +221 +0.7% $0.000000 31,890 01 Jan 2023 Direct F2
transaction SSB Common Stock Options Exercise $0 +206 +0.65% $0.000000 32,096 01 Jan 2023 Direct F3
transaction SSB Common Stock Tax liability $75,291 -986 -3.1% $76.36 31,110 01 Jan 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 two-year hold period ending on 12/31/2022 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.