Form 4: SouthState Bank Director Acquires Shares via RSU Vesting
Insider Transaction Report
SouthState Bank Director Merriann Metz acquired 1,136 shares of common stock through the vesting of Restricted Share Units.
Summary
- Merriann Metz, a Director of SouthState Bank Corp (SSB), acquired 1,136 shares of common stock.
- The acquisition occurred on November 1, 2025, at a price of $0.00 per share.
- These shares were issued pursuant to the time-vested Restricted Share Units (RSUs) granted on May 1, 2025, as part of the annual director fees.
- The RSUs cliff vested on November 1, 2025.
- Following this transaction, Merriann Metz beneficially owns a total of 2,078 shares of common stock.
Sentiment
Score: 6
Explanation: The filing reports a routine insider transaction related to director compensation, which is generally a neutral to slightly positive event as it increases director alignment with shareholders.
Positives
- The vesting of Restricted Share Units increases the director's ownership in SouthState Bank, aligning their interests more closely with shareholders.
- The transaction represents a standard compensation event for a director, indicating continuity in corporate governance practices.
Future Outlook
This filing is a report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
This insider transaction is specific to SouthState Bank and its director compensation structure. It does not provide broader insights into industry trends or competitive landscape.
Related Party Transactions
- The acquisition of shares by Director Merriann Metz through the vesting of Restricted Share Units is a related party transaction, representing a component of her annual director fees.
Stakeholder Impact
- Shareholders: Increased ownership by a director can be viewed positively as it enhances alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date Restricted Share Units (RSUs) were granted to Director Merriann Metz. |
| 11/01/2025 | Date RSUs cliff vested and 1,136 common shares were acquired by Director Merriann Metz. |
| 11/03/2025 | Date the Form 4 filing was signed. |
Keywords
SouthState Bank, SSB, Form 4, Insider Transaction, Restricted Share Units, RSU, Director Compensation, Stock Vesting, Equity Award
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