Form 4: Director Merriann Metz Reports SouthState Bank Stock Transaction
Statement of Changes in Beneficial Ownership
Director Merriann Metz of SouthState Bank Corp. reported a transaction involving restricted stock units, receiving 1,050 shares.
Summary
- Director Merriann Metz of SouthState Bank Corp. (SSB) filed a Form 4 reporting a transaction on May 1, 2026.
- The transaction involved the issuance of 1,050 common shares from time-vested Restricted Share Units (RSUs).
- These RSUs were granted on May 1, 2026, as part of the annual director fees and cliff vested on November 1, 2026.
- The reported price for these shares was $97.48 per share.
- Following this transaction, Merriann Metz beneficially owns 1,050 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of director compensation and does not provide new financial performance data or strategic insights.
Positives
- Director compensation is being paid in equity, aligning director interests with shareholders.
- The RSUs vested, indicating the fulfillment of service conditions for the director.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which solely reports a change in beneficial ownership.
Industry Context
StockSavvy.ai notes that the use of Restricted Stock Units (RSUs) for director compensation is a common practice in the financial services industry, aimed at attracting and retaining qualified board members while aligning their financial interests with those of the company's shareholders.
Related Party Transactions
- The transaction involves the issuance of shares to Director Merriann Metz as part of her annual director fees, which is a form of related party compensation.
Stakeholder Impact
- Shareholders: The issuance of shares as compensation aligns director interests with shareholders, potentially promoting decisions that enhance shareholder value.
- Directors: This confirms a component of director compensation for Merriann Metz.
Key Dates
| Date | Description |
|---|---|
| 05/01/2026 | Date of earliest transaction reported; Grant date of RSUs. |
| 11/01/2026 | Cliff vesting date for the Restricted Share Units. |
| 05/04/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Form 4, SEC Filing, SouthState Bank Corp, SSB, Merriann Metz, Director Compensation, Restricted Stock Units, RSUs, Beneficial Ownership, Stock Transaction
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.