Form 4: Hertz Acquires SouthState Bank Stock

Douglas J. Hertz, a Director at SouthState Bank Corp, acquired 506 shares of common stock on May 4, 2026, valued at $96.46 per share, in lieu of a cash retainer.

Summary

• Douglas J. Hertz, a Director of SouthState Bank Corp, acquired 506 shares of common stock on May 4, 2026.
• The acquisition was made in lieu of a quarterly cash retainer payment.
• The transaction price was $96.46 per share, totaling an acquisition value of $48,792.64.
• Following this transaction, Mr. Hertz beneficially owns 19,008 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports a standard compensation-related stock acquisition by a director rather than significant financial performance or strategic changes.

Positives

• Director Hertz demonstrates continued investment in the company by accepting stock instead of cash.
• The transaction indicates a commitment to aligning director compensation with shareholder value.

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 practice of directors receiving stock in lieu of cash compensation is a common strategy in the financial services industry to align executive interests with shareholders and conserve company cash, particularly for regional banks like SouthState Bank Corp.

Stakeholder Impact

• Shareholders: The acquisition by a director in lieu of cash may be viewed positively as it aligns director compensation with stock ownership and potentially reduces cash outflow for the company.

Key Dates

Keywords

SouthState Bank Corp, SSB, Form 4, Director, Stock Acquisition, Beneficial Ownership, SEC Filing, Insider Trading