Form 4: SouthState Corp Director Douglas J. Hertz Acquires 505 Shares in Lieu of Cash Retainer

Director Douglas J. Hertz acquired 505 shares of SouthState Corp common stock on May 5, 2025, in lieu of a quarterly cash retainer payment.

Summary

• On May 5, 2025, Douglas J. Hertz, a director of SouthState Corp, acquired 505 shares of common stock.
• The acquisition was made in lieu of a quarterly cash retainer payment.
• The price per share was $89.25.
• Following the transaction, Hertz directly owns 15,834 shares of SouthState Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future.

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with those of shareholders. This is a common practice in the financial services industry.

Related Party Transactions

• The acquisition of shares by Douglas J. Hertz in lieu of a cash retainer payment constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a small number of shares.

Key Dates

Keywords

SouthState Corp, Director, Insider Trading, Form 4, Stock Acquisition, Common Stock, Hertz, SSB