John C. Corbett - 01 Jan 2024 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 2024
Net transactions value
-$638,104
Form type
4
Filing time
03 Jan 2024, 19:09:09 UTC
Previous filing
17 Nov 2023
Next filing
25 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSB Common Stock Options Exercise $0 +7,974 +13% $0.000000 67,956 01 Jan 2024 Direct F1
transaction SSB Common Stock Options Exercise $0 +2,517 +3.7% $0.000000 70,473 01 Jan 2024 Direct F2
transaction SSB Common Stock Options Exercise $0 +2,293 +3.3% $0.000000 72,766 01 Jan 2024 Direct F3
transaction SSB Common Stock Options Exercise $0 +4,808 +6.6% $0.000000 77,574 01 Jan 2024 Direct F4
transaction SSB Common Stock Tax liability $638,104 -7,556 -9.7% $84.45 70,018 01 Jan 2024 Direct F5
* 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 1/1/2024 applicable to the time vested Restricted Share Units ("RSU") vested on 1/1/2022; 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 1/1/2024; 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 1/1/2024; RSU were awarded on 1/19/2022, vesting at a rate of one third on each January 1st, 2023, 2024 and 2025.
F4 Number of common shares issued pursuant to the time vested RSU vested on 1/1/2024; RSU were awarded on 1/24/2023, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026.
F5 Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.