Form 4: SouthState Bank CRO DeSimone's Stock Transactions

SouthState Bank's CRO and General Counsel, Beth S. DeSimone, reported the vesting of performance share units and subsequent tax-related stock disposition.

Summary

• Beth S. DeSimone, CRO and General Counsel of SouthState Bank Corp (SSB), reported transactions involving the company's common stock.
• On February 20, 2026, 3,501 shares of common stock were acquired due to the vesting of Performance Share Units (PSUs).
• These PSUs were awarded on January 24, 2023, and vested after a three-year performance period ending December 31, 2025.
• Concurrently, 766 shares were disposed of on February 20, 2026, at a price of $105.44 per share, to satisfy tax liabilities related to the vested securities.
• Following these transactions, DeSimone's direct beneficial ownership of common stock is 27,716 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports a routine insider transaction involving the vesting of equity awards and subsequent tax-related share disposition, which is a common occurrence for executives.

Positives

• The vesting of 3,501 Performance Share Units indicates that performance targets set over the three-year period ending December 31, 2025, were met, reflecting positively on the company's operational achievements.

Negatives

• A disposition of 766 shares occurred to cover tax liabilities, which slightly reduces the reporting person's direct beneficial ownership.

Future Outlook

This Form 4 filing reports past transactions and does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not typically provide broader industry context or strategic insights. This filing reflects routine equity compensation practices for executives.

Comparison to Industry Standards

• Not applicable for an individual insider transaction report, as it does not provide company-wide performance metrics for industry comparison.

Stakeholder Impact

• Shareholders: The transaction has a negligible impact on the overall outstanding shares and market capitalization. It provides transparency into executive compensation and ownership.

Key Dates

Keywords

SouthState Bank, SSB, Beth S. DeSimone, Insider Transaction, Form 4, Performance Share Units, PSUs, Stock Vesting, Equity Compensation, Tax Withholding