William E. Matthews V. - Jan 24, 2023 Form 4 Insider Report for SouthState Corp (SSB)

Role
Chief Financial Officer
Signature
William E. Matthews, V
Stock symbol
SSB
Transactions as of
Jan 24, 2023
Transactions value $
$660,536
Form type
4
Date filed
1/25/2023, 03:13 PM
Previous filing
Jan 4, 2023
Next filing
May 30, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SSB Performance Share Units +Grant/Award $396,337 +5,204 +37.5% $76.16 19,081 Jan 24, 2023 Common Stock 5,204 $76.16 Direct F1
transaction SSB Restricted Share Units +Grant/Award $264,199 +3,469 +35.99% $76.16 13,109 Jan 24, 2023 Common Stock 3,469 $76.16 Direct F2

Explanation of Responses:

Id Content
F1 Number of Performance Share Units ("PSUs") at target awarded on 1/24/23. The awards will vest following the 3-year performance period ending December 31, 2025. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
F2 Number of time-vested Restricted Share Units ("RSUs") awarded on 1/24/23. The awards will vest at a rate of one third on each January 1st, 2024, 2025 and 2026. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.