Beth S. DeSimone - 21 Jan 2025 Form 4 Insider Report for SouthState Corp (SSB)

Role
CRO, General Counsel
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Issuer symbol
SSB
Transactions as of
21 Jan 2025
Net transactions value
+$415,708
Form type
4
Filing time
23 Jan 2025, 17:00:07 UTC
Previous filing
03 Jan 2025
Next filing
27 Feb 2025
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 $249,425 +2,472 +32% $100.90 10,308 21 Jan 2025 Common Stock 2,472 $100.90 Direct F1
transaction SSB Restricted Share Units Award $166,283 +1,648 +103% $100.90 3,248 21 Jan 2025 Common Stock 1,648 $100.90 Direct F1, 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 1/21/25. The awards will vest following the 3-year performance period ending December 31, 2027. 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 1/21/25. The awards will vest at a rate of one third on each January 1st, 2026, 2027 and 2028. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.