Form 4: SouthState Bank President Gifts 40 Shares

SouthState Bank Corp President Richard Murray IV reported gifting 40 shares of common stock to a charitable organization.

Summary

• Richard Murray IV, President of SouthState Bank Corp (SSB), reported a transaction involving common stock.
• On February 5, 2026, Murray disposed of 40 shares of common stock.
• The transaction was a bona fide gift to a charitable organization, with a reported price of $0.00 per share.
• Following this transaction, Murray beneficially owns 63,128 shares of SouthState Bank Corp common stock.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It's a routine insider disclosure of a charitable gift, not indicative of significant operational or financial changes for the company.

Positives

• The transaction represents a charitable contribution by a key executive, which can reflect positively on corporate social responsibility.
• The transaction was pre-planned under a Rule 10b5-1(c) plan, indicating a structured and compliant approach to share disposition.

Negatives

• A minor reduction in direct beneficial ownership by a key executive, though the amount is very small.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, even small ones like charitable gifts, are routinely disclosed to maintain transparency in the financial sector, aligning with regulatory expectations for executive shareholdings.

Stakeholder Impact

• Minimal direct impact on shareholders due to the small number of shares involved relative to total outstanding shares.
• Potential positive public relations for the company due to an executive's charitable giving.

Key Dates

Keywords

SouthState Bank Corp, SSB, Richard Murray IV, Form 4, Insider Transaction, Stock Gift, Charitable Donation, Officer, President, Beneficial Ownership