Form 4: SouthState Corp Director David G. Salyers Acquires Restricted Share Units
SEC Form 4
Director David G. Salyers acquired 1,063 restricted share units (RSUs) of SouthState Corp on May 1, 2024, as part of annual director fees.
Summary
- On May 1, 2024, David G. Salyers, a director of SouthState Corp, acquired 1,063 restricted share units (RSUs) at a price of $77.28 per unit.
- These RSUs represent the stock component of his annual director fees.
- The RSUs will vest in a single installment six months from the grant date, on November 1, 2024.
- Following the transaction, Salyers directly owns 1,063 derivative securities.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (granting of RSUs to a director), which is generally viewed neutrally to slightly positively as it aligns director interests with shareholders.
Positives
- The acquisition of RSUs aligns the director's interests with those of the shareholders.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: David G. Salyers acquired 1,063 restricted share units. |
| 05/01/2024 | Date of transaction: RSUs granted as part of annual director fees. |
| 11/01/2024 | Vesting date of the 1,063 RSUs. |
| 05/02/2024 | Date of Form 4 filing. |
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