DANIEL E. BOCKHORST - 24 Jan 2023 Form 4 Insider Report for SouthState Corp (SSB)

Role
Chief Credit Officer
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Issuer symbol
SSB
Transactions as of
24 Jan 2023
Net transactions value
+$248,989
Form type
4
Filing time
25 Jan 2023, 15:18:33 UTC
Previous filing
04 Jan 2023
Next filing
30 May 2023
SEC
View on sec.gov

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 $153,028 +1,889 +37% $81.01 7,025 24 Jan 2023 Common Stock 1,889 $76.16 Direct F1
transaction SSB Restricted Share Units Award $95,962 +1,260 +23% $76.16 6,629 24 Jan 2023 Common Stock 1,260 $76.16 Direct F2
* 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.