Form 4: SouthState Bank Director Receives Restricted Stock Units

Ronald M. Cofield, a Director at SouthState Bank Corp, was issued 1,050 Restricted Share Units as part of his annual director fees, vesting on November 1, 2026.

Summary

• Ronald M. Cofield, a Director of SouthState Bank Corp (SSB), received 1,050 Restricted Share Units (RSUs) on May 1, 2026.
• These RSUs are part of the stock component of his annual director fees.
• The RSUs are set to cliff vest on November 1, 2026.
• The reported value of the RSUs at the time of grant was $97.48 per share.
• This transaction is a standard issuance of equity compensation to a director.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine equity award to a director and does not contain significant financial performance data or strategic shifts.

Positives

• Director compensation includes equity, aligning director interests with shareholders.
• The issuance of RSUs indicates the company's ability to compensate its board members with stock.

Future Outlook

The Restricted Share Units are scheduled to vest on November 1, 2026, at which point they will convert into common stock.

Industry Context

StockSavvy.ai notes that the issuance of Restricted Share Units to directors is a common practice in the financial services industry to incentivize long-term performance and align executive and director interests with those of shareholders.

Related Party Transactions

• The issuance of 1,050 Restricted Share Units to Director Ronald M. Cofield as part of his annual director fees is a related party transaction.

Stakeholder Impact

• Shareholders: The issuance of RSUs dilutes existing share ownership slightly but aligns director incentives with long-term shareholder value.
• Directors: Ronald M. Cofield will receive additional equity in the company upon vesting.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The Restricted Share Units will vest on November 1, 2026.
• Upon vesting, the RSUs will convert into 1,050 shares of SouthState Bank Corp common stock.

Key Dates

Keywords

SouthState Bank Corp, SSB, Form 4, Restricted Share Units, RSUs, Director Compensation, Equity Awards, Beneficial Ownership, SEC Filing