Form 4: Southern States Bancshares CFO Lynn J. Joyce Sells 1,000 Shares

Lynn J. Joyce, CFO of Southern States Bancshares, Inc., sold 1,000 shares of common stock at a price of $34.25 per share on July 26, 2024.

Summary

• On July 26, 2024, Lynn J. Joyce, the Chief Financial Officer of Southern States Bancshares, Inc. (SSBK), sold 1,000 shares of the company's common stock.
• The sale was executed at a price of $34.25 per share.
• Following the transaction, Joyce directly owns 43,188 shares of Southern States Bancshares, Inc.
• This total includes 13,318 vested restricted units and 6,658 unvested restricted units which will fully vest by December 31, 2024, as well as 3,267 unvested restricted shares which will incrementally vest annually by 2/21/2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an insider, which is neither inherently positive nor negative. The sentiment is neutral.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for signals about management's view of the company's stock.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, although it is a relatively small transaction.

Key Dates