Form 4: Southern States Bancshares Director Acquires Shares Through Restricted Stock Grant

Director J. Henry Smith IV reports acquisition of 905 shares of Southern States Bancshares, Inc. through a restricted stock grant.

Summary

• On February 19, 2025, J. Henry Smith IV, a director of Southern States Bancshares, Inc., acquired 905 shares of common stock at $0 per share.
• The acquisition was a grant of restricted stock.
• Following the transaction, Smith directly owns 52,725 shares.
• Smith also indirectly owns 245 shares through his son, 245 shares through one daughter and 240 shares through another daughter.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's stock acquisition through a grant, which can be seen as a slightly positive sign of confidence, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director increasing their stake in the company.

Key Dates

Keywords

Southern States Bancshares, SSBK, Director, J. Henry Smith IV, Stock Acquisition, Restricted Stock, Beneficial Ownership, Form 4