Form 4: SouthState Bank Corp Director Receives Restricted Stock Units
Statement of Changes in Beneficial Ownership
Shantella E. Cooper, a Director at SouthState Bank Corp, received 1,050 Restricted Share Units (RSUs) on May 1, 2026, which vested on November 1, 2026.
Summary
- Shantella E. Cooper, a Director of SouthState Bank Corp (SSB), reported a transaction on May 1, 2026.
- Cooper acquired 1,050 shares of common stock through the vesting of Restricted Share Units (RSUs).
- These RSUs were granted on May 1, 2026, as part of her annual director fees.
- The RSUs had a cliff vesting period and fully vested on November 1, 2026.
- The reported value associated with these RSUs was $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 vesting of RSUs indicates continued service and commitment from the director.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that the use of Restricted Share Units for director compensation is a common practice in the financial services industry, aimed at retaining experienced board members and aligning their incentives with long-term shareholder value.
Stakeholder Impact
- Shareholders: The issuance of RSUs as compensation aligns director interests with shareholder value, potentially leading to better governance and long-term performance.
Key Dates
| Date | Description |
|---|---|
| 05/01/2026 | Date of earliest transaction and grant date of RSUs. |
| 11/01/2026 | Cliff vesting date for the Restricted Share Units. |
| 05/04/2026 | Date of signature on the filing. |
Keywords
SouthState Bank Corp, SSB, Form 4, Director Compensation, Restricted Share Units, RSUs, Equity Awards, Beneficial Ownership
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.