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

Page G. Ruffner Jr., a director of SouthState Corp, acquired 295 shares of common stock in lieu of a quarterly cash retainer payment on May 5, 2025.

Summary

• On May 5, 2025, Page G. Ruffner Jr., a director of SouthState Corp, acquired 295 shares of common stock.
• The acquisition was made in lieu of a quarterly cash retainer payment.
• The price of the stock was $89.25 per share.
• Following the transaction, Ruffner directly owns 79,477 shares of SouthState Corp.
• The transaction was reported on May 6, 2025.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation.

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with shareholders. This is a common practice in corporate governance.

Comparison to Industry Standards

• Director compensation packages vary widely across the financial services industry.
• Some companies provide a mix of cash and equity, while others rely more heavily on one or the other.
• Comparing SouthState's director compensation structure to peers like Truist, Regions Financial, and Fifth Third Bancorp would provide a better understanding of its relative competitiveness.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard compensation practice.

Key Dates

Keywords

SouthState Corp, Director, Share Acquisition, Insider Trading, Form 4, SSB, Page G. Ruffner Jr., Common Stock, Cash Retainer