Richard Murray IV - 23 Jan 2024 Form 4 Insider Report for SouthState Corp (SSB)

Role
President
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Issuer symbol
SSB
Transactions as of
23 Jan 2024
Net transactions value
+$520,069
Form type
4
Filing time
25 Jan 2024, 16:46:28 UTC
Previous filing
03 Jan 2024
Next filing
04 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSB Common Stock Options Exercise $0 +2,058 +3.5% $0.000000 60,313 24 Jan 2024 Direct F1
transaction SSB Common Stock Tax liability $71,914 -872 -1.4% $82.47 59,441 24 Jan 2024 Direct F2

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 $355,157 +4,337 +30% $81.89 18,873 23 Jan 2024 Common Stock 4,337 $81.89 Direct F3
transaction SSB Restricted Share Units Award $236,826 +2,892 +42% $81.89 9,804 23 Jan 2024 Common Stock 2,892 $81.89 Direct F4
* 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 time vested Restricted Share Units ("RSUs") vested on 1/24/2024; RSUs were awarded on 1/24/23, vesting at a rate of one third on each anniversary date of the grant in 2024, 2025 and 2026.
F2 Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.
F3 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.
F4 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.