William E. Matthews V. - Jan 23, 2024 Form 4 Insider Report for SouthState Corp (SSB)

Role
Chief Financial Officer
Signature
William E. Matthews, V
Stock symbol
SSB
Transactions as of
Jan 23, 2024
Transactions value $
$769,930
Form type
4
Date filed
1/25/2024, 04:41 PM
Previous filing
Jan 3, 2024
Next filing
Mar 4, 2024

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 $462K +5.64K +29.56% $81.89 24.7K Jan 23, 2024 Common Stock 5.64K $81.89 Direct F1
transaction SSB Restricted Share Units Award $308K +3.76K +108.11% $81.89 7.24K Jan 23, 2024 Common Stock 3.76K $81.89 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 1/23/24. The awards will vest following the 3-year performance period ending December 31, 2026. 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 1/23/24. The awards will vest at a rate of one third on each January 1st, 2025, 2026 and 2027. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.