Form 4: SouthState Corp CEO John C. Corbett Donates 3,500 Shares to Charity

SouthState Corp CEO John C. Corbett reports a gift of 3,500 shares of common stock to a charitable organization on August 26, 2024.

Summary

• On August 26, 2024, John C. Corbett, CEO of SouthState Corp, reported a transaction involving the company's common stock.
• Mr. Corbett donated 3,500 shares of common stock to a charitable organization.
• The transaction was a bona fide gift, and the price per share was $0.00 for the purpose of the donation.
• Following the transaction, Mr. Corbett directly owns 84,578 shares of SouthState Corp common stock.

Sentiment

Score: 6

Explanation: The document itself is neutral as it reports a transaction. The charitable donation could be seen as slightly positive.

Positives

• The donation to a charitable organization could be viewed positively from a corporate social responsibility perspective.

Industry Context

Executive stock transactions are routinely disclosed and monitored by investors for insights into management's perspective on the company's value and prospects. Charitable donations are not typically interpreted as a signal of management's view of the company's prospects.

Stakeholder Impact

• The charitable donation may have a minor positive impact on the company's reputation.

Key Dates