Form 4: Director Receives Restricted Share Units from SouthState Bank

Page G Ruffner Jr., a Director at SouthState Bank Corp, received 1,050 Restricted Share Units as part of annual director fees, vesting on November 1, 2026.

Summary

• Page G Ruffner Jr., a Director at SouthState Bank Corp (SSB), received 1,050 Restricted Share Units (RSUs) on May 1, 2026.
• These RSUs are part of the stock component of the annual director fees.
• The RSUs are set to cliff vest on November 1, 2026.
• The reported transaction value for these RSUs is $97.48 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on routine director compensation and does not contain significant financial performance or strategic updates.

Positives

• Director compensation includes equity awards, aligning director interests with shareholders.
• The company is utilizing Restricted Share Units as a component of director compensation, which is a common and accepted practice.

Future Outlook

The filing does not contain forward-looking statements or guidance. The vesting of RSUs on November 1, 2026, represents a future event related to compensation.

Industry Context

StockSavvy.ai notes that the use of Restricted Share Units for director compensation is a standard practice within the banking industry, aimed at retaining experienced directors and aligning their incentives with long-term shareholder value.

Stakeholder Impact

• Shareholders: The equity award aligns director interests with shareholder value creation.
• Directors: Page G Ruffner Jr. will receive additional equity upon vesting.
• Employees: This filing does not directly impact employees.

Next Steps

• The Restricted Share Units will vest on November 1, 2026.

Key Dates

Keywords

SouthState Bank Corp, SSB, Form 4, SEC Filing, Director Compensation, Restricted Share Units, RSUs, Beneficial Ownership, Equity Awards