Form 4: SouthState Bank Director's RSU Vesting
Insider Transaction Report
SouthState Bank Director William K. Pou Jr. acquired 1,136 common shares through the vesting of Restricted Share Units.
Summary
- Director William K. Pou Jr. acquired 1,136 shares of SouthState Bank Corp. common stock.
- The acquisition occurred on November 1, 2025, at a price of $0.00 per share.
- These shares were issued as a result of the vesting of time-vested Restricted Share Units (RSUs).
- The RSUs were granted on May 1, 2025, as part of the stock component of annual director fees and cliff vested on November 1, 2025.
- Following this transaction, William K. Pou Jr. beneficially owns 23,558 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine insider transaction related to director compensation and does not indicate a significant positive or negative shift in company performance or outlook.
Positives
- Director compensation includes equity, aligning interests with shareholders.
- The vesting of RSUs indicates a planned and routine compensation event.
Industry Context
The vesting of Restricted Share Units as part of director compensation is a common practice across various industries, including the financial sector, to align the interests of directors with those of shareholders.
Comparison to Industry Standards
- Equity-based compensation for directors, such as RSUs, is a standard practice in corporate governance, comparable to compensation structures seen in other publicly traded financial institutions.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Policy Implementation | Director William K. Pou Jr. received common shares through the vesting of Restricted Share Units, which is part of the company's annual director fees stock component. | 11/01/2025 | This practice aligns director interests with shareholders through equity compensation, promoting long-term value creation. |
Related Party Transactions
- Acquisition of common stock by Director William K. Pou Jr. through the vesting of Restricted Share Units as part of his annual director fees, a standard compensation arrangement.
Stakeholder Impact
- Shareholders: Increased alignment of director's interests with shareholders due to increased equity ownership.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Grant date of Restricted Share Units (RSUs) to Director William K. Pou Jr. |
| 11/01/2025 | Vesting date of 1,136 Restricted Share Units and acquisition of common stock by Director William K. Pou Jr. |
| 11/03/2025 | Signature date of the Form 4 filing by William E. Matthews, V, CFO, pursuant to power of attorney. |
Recommendation
holdThis Form 4 reports a routine, pre-scheduled vesting of Restricted Share Units for a director, which is a standard compensation event and does not provide new information to alter an investment recommendation. It is a neutral event from an investment perspective.
Keywords
SouthState Bank, SSB, Form 4, insider transaction, RSU vesting, director compensation, common stock
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