Form 4: SouthState Bank Director Increases Stake

SouthState Bank Director David R. Brooks acquired 1,136 shares of common stock through the vesting of Restricted Share Units.

Summary

• David R. Brooks, a Director of SouthState Bank Corp (SSB), acquired 1,136 shares of common stock.
• The acquisition occurred on November 1, 2025, with a deemed execution date also on November 1, 2025.
• These shares were issued pursuant to time-vested Restricted Share Units (RSUs) granted on May 1, 2025.
• The RSUs cliff vested on November 1, 2025, as part of the stock component of Mr. Brooks' annual director fees.
• The transaction price for these shares was $0.00, as they were a result of RSU vesting.
• Following this transaction, Mr. Brooks beneficially owns a total of 21,743 shares of SouthState Bank Corp common stock.

Sentiment

Score: 6

Explanation: The acquisition of shares by a director through RSU vesting is generally viewed as a neutral to slightly positive event, indicating continued alignment of interests with shareholders and a routine aspect of compensation.

Positives

• The acquisition of shares by a director increases their personal stake in the company, aligning their interests more closely with those of other shareholders.
• The vesting of Restricted Share Units (RSUs) is a standard component of director compensation, indicating a structured approach to incentivizing long-term commitment and performance.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

Form 4 filings are routine disclosures required by the SEC for company insiders (directors, officers, and significant shareholders) to report changes in their beneficial ownership of the company's securities. The vesting of Restricted Share Units (RSUs) is a common form of equity compensation for directors, designed to align their long-term interests with those of the company's shareholders. This transaction reflects a standard compensation event rather than a discretionary open-market purchase or sale.

Stakeholder Impact

• Shareholders may view the director's increased equity stake as a positive signal of confidence in the company's long-term prospects and management's commitment.

Key Dates

Keywords

SouthState Bank, SSB, Form 4, Insider Transaction, David R. Brooks, Restricted Share Units, Director Compensation, Equity Acquisition