Form 4: SouthState CFO Reports Equity Compensation Transactions

SouthState Bank Corp's CFO, William E. Matthews V, reported the vesting of performance share units and subsequent tax-related share withholding.

Summary

• William E. Matthews V, Chief Financial Officer of SouthState Bank Corp (SSB), reported changes in his beneficial ownership of common stock.
• On February 20, 2026, 7,806 shares of common stock were acquired at a price of $0.00 per share.
• These shares were issued pursuant to Performance Share Units (PSUs) awarded on January 24, 2023, which vested after a three-year performance period ending December 31, 2025.
• Concurrently, 3,680 shares of common stock were disposed of at a price of $105.44 per share.
• This disposition was for the purpose of withholding shares to pay tax liability applicable to the securities issued.
• Following these transactions, William E. Matthews V beneficially owns 44,568 shares of SouthState Bank Corp common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction related to executive compensation, with no significant positive or negative implications for the company's operational or financial health.

Positives

• The vesting of 7,806 Performance Share Units indicates that the company met the performance targets set for the three-year period ending December 31, 2025.

Negatives

• A disposition of 3,680 shares occurred to cover tax liabilities, reducing the direct beneficial ownership of the CFO.

Future Outlook

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

Industry Context

StockSavvy.ai notes that such Form 4 filings are routine disclosures for publicly traded companies, detailing changes in beneficial ownership by insiders. These transactions, involving the vesting of equity awards and subsequent tax-related share sales, are standard components of executive compensation packages across the financial services industry.

Stakeholder Impact

• Shareholders: The transactions represent a routine part of executive compensation and do not indicate any material change in company strategy or financial performance. The slight reduction in direct insider ownership due to tax withholding is a common occurrence.

Key Dates

Recommendation

This Form 4 details routine executive compensation events, specifically the vesting of performance share units and subsequent tax-related share withholding. Such transactions are pre-scheduled and do not reflect new strategic developments or changes in the company's fundamental outlook, thus warranting a neutral 'hold' recommendation based solely on this filing.

Keywords

SouthState Bank Corp, SSB, Form 4, Insider Transaction, Equity Compensation, Performance Share Units, CFO, Stock Ownership, Tax Withholding