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

Role
President
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Stock symbol
SSB
Transactions as of
Jan 23, 2024
Transactions value $
$520,069
Form type
4
Date filed
1/25/2024, 04:46 PM
Previous filing
Jan 3, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSB Common Stock Options Exercise $0 +2.06K +3.53% $0.00 60.3K Jan 24, 2024 Direct F1
transaction SSB Common Stock Tax liability -$71.9K -872 -1.45% $82.47 59.4K Jan 24, 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 $355K +4.34K +29.84% $81.89 18.9K Jan 23, 2024 Common Stock 4.34K $81.89 Direct F3
transaction SSB Restricted Share Units Award $237K +2.89K +41.84% $81.89 9.8K Jan 23, 2024 Common Stock 2.89K $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.