Form 4: SouthState Corp Director David R. Brooks Acquires Restricted Share Units

Director David R. Brooks acquired 267 Restricted Share Units (RSUs) of SouthState Corp on January 22, 2025, as part of his annual director fees.

Summary

• On January 22, 2025, David R. Brooks, a director of SouthState Corp, acquired 267 Restricted Share Units (RSUs) at a price of $99.47 per unit.
• These RSUs are part of the stock component of his annual director fees and are prorated.
• The RSUs will cliff vest six months from the grant date, on July 22, 2025.
• Following the transaction, Brooks directly owns 267 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests.

Positives

• The acquisition of RSUs by a director demonstrates alignment with the company's long-term success.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the RSUs.

Industry Context

This is a standard disclosure related to director compensation in the form of equity. It's common for companies to grant stock or RSUs to directors as part of their compensation packages.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Granting RSUs that vest over time is a common practice to align director interests with shareholder value.
• The specific amount and vesting schedule can vary widely based on company size, industry, and individual director roles.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of the shareholders.

Key Dates

Keywords

SouthState Corp, Director, David R. Brooks, Restricted Share Units, RSU, Acquisition, Director Fees, Form 4, Beneficial Ownership