Richard Murray IV - Jan 24, 2023 Form 4 Insider Report for SouthState Corp (SSB)

Role
President
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Stock symbol
SSB
Transactions as of
Jan 24, 2023
Transactions value $
$973,172
Form type
4
Date filed
1/25/2023, 03:17 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 Award $302K +3.96K +37.48% $76.16 14.5K Jan 24, 2023 Common Stock 3.96K $76.16 Direct F1
transaction SSB Restricted Share Units Award $201K +2.64K +27.56% $76.16 12.2K Jan 24, 2023 Common Stock 2.64K $76.16 Direct F2
transaction SSB Restricted Share Units Award $470K +6.17K +50.49% $76.16 18.4K Jan 24, 2023 Common Stock 6.17K $76.16 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.
F3 Number of Restricted Share Units ("RSUs") awarded on 1/24/23. The awards will vest at a rate of one third on each anniversary date of the grant in 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.