Form 4: SouthState Corp CEO John C. Corbett Reports Stock Transactions
SEC Form 4
CEO John C. Corbett reports acquisition of shares through vested performance share units and subsequent disposal to cover tax obligations.
Summary
- On February 29, 2024, John C. Corbett, CEO of SouthState Corp, acquired 41,929 shares of common stock upon the vesting of Performance Share Units (PSUs) awarded on January 26, 2021.
- These PSUs vested after a 3-year performance period ending December 31, 2023.
- On the same day, Corbett disposed of 18,869 shares to cover tax liabilities at a price of $84.04 per share.
- Following these transactions, Corbett directly owns 93,078 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 01/26/2021 | Date Performance Share Units (PSUs) were awarded. |
| 12/31/2023 | End date of the 3-year performance period for the PSUs. |
| 02/29/2024 | Date of stock acquisition and disposal by John C. Corbett. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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