William E. Matthews V. - Jan 19, 2022 Form 4 Insider Report for SouthState Corp (SSB)

Role
Chief Financial Officer
Signature
William E. Matthews, V
Stock symbol
SSB
Transactions as of
Jan 19, 2022
Transactions value $
$710,807
Form type
4
Date filed
1/19/2022, 03:33 PM
Previous filing
Jan 3, 2022
Next filing
Jan 4, 2023

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 $569K +6.62K +91.12% $85.95 13.9K Jan 19, 2022 Common Stock 6.62K $85.95 Direct F1
transaction SSB Restricted Share Units Award $142K +1.65K +16.95% $85.95 11.4K Jan 19, 2022 Common Stock 1.65K $85.95 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") awarded on 1/19/22. The awards will vest following the 3-year performance period ending December 31, 2024. 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 1/19/22. The awards will vest at a rate of one third on each January 1st, 2023, 2024 and 2025. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.