Form 4: SouthState Corp Director Acquires Shares in Lieu of Cash Retainer

Director Shantella E. Cooper acquired 281 shares of SouthState Corp common stock in lieu of a quarterly cash retainer payment on May 5, 2025.

Summary

• On May 5, 2025, Shantella E. Cooper, a director of SouthState Corp, acquired 281 shares of common stock.
• The acquisition was in lieu of a quarterly cash retainer payment.
• The price per share was $89.25.
• Following the transaction, Cooper directly owns 7,944 shares of SouthState Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director taking shares in lieu of cash compensation can be seen as a positive signal, indicating confidence in the company's future performance. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's outlook.

Positives

• Director's acquisition of shares demonstrates confidence in the company.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly in the banking sector, as it aligns their interests with those of shareholders and conserves company cash.

Comparison to Industry Standards

• Comparing SouthState Corp to regional banking peers like Truist Financial or Regions Financial, director compensation packages often include a mix of cash and equity.
• The specific amount of equity granted varies based on company size, performance, and individual director roles.
• This transaction is similar to other instances where directors elect to receive stock in lieu of cash, reflecting a belief in the company's long-term prospects.

Related Party Transactions

• The acquisition of shares by the director in lieu of a cash retainer payment constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• It has a neutral impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

SouthState Corp, Director, Share Acquisition, Common Stock, Insider Transaction, Form 4, Retainer