Form 4: SouthState Bank Director Reports Share Transaction
Statement of Changes in Beneficial Ownership
David G. Salyers, a Director at SouthState Bank Corp, reported the acquisition of 1,050 shares of common stock via vested Restricted Share Units.
Summary
- David G. Salyers, a Director of SouthState Bank Corp (SSB), has reported a transaction involving 1,050 shares of common stock.
- These shares were acquired on May 1, 2026, as part of the stock component of annual director fees, specifically through Restricted Share Units (RSUs).
- The RSUs were granted on May 1, 2026, and cliff vested on November 1, 2026.
- The acquisition price per share was $97.48.
- Following this transaction, Mr. Salyers beneficially owns 1,050 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of director compensation and share acquisition rather than a significant strategic or financial event.
Positives
- Director compensation includes equity awards, aligning management interests with shareholders.
- The vesting of RSUs indicates a commitment to long-term service by 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 the company's long-term performance.
Stakeholder Impact
- Shareholders: The transaction reinforces the alignment of director interests with those of shareholders through equity compensation.
- Employees: This filing is not directly related to employee compensation or impact.
- Creditors: No direct impact on creditors is indicated by this filing.
- Suppliers/Customers: No direct impact on suppliers or customers is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 05/01/2026 | Date of earliest transaction; Date RSUs granted. |
| 11/01/2026 | Cliff vesting date for RSUs. |
| 05/04/2026 | Date of filing. |
Keywords
SouthState Bank Corp, SSB, Form 4, SEC Filing, Director Compensation, Restricted Share Units, RSUs, Stock Transaction, Beneficial Ownership
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