Form 4: SouthState Corp Director Douglas J. Hertz Acquires Shares in Lieu of Cash Retainer
SEC Form 4
Director Douglas J. Hertz acquired 448 shares of SouthState Corp common stock in lieu of a quarterly cash retainer payment on November 5, 2024.
Summary
- On November 5, 2024, Douglas J. Hertz, a director of SouthState Corp, acquired 448 shares of common stock.
- The acquisition was made in lieu of a quarterly cash retainer payment.
- The price per share was $97.73.
- Following the transaction, Hertz directly owns 14,902 shares of SouthState Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard transaction with no particularly positive or negative implications.
Positives
- The director's decision to take stock in lieu of cash may signal confidence in the company's future performance.
Industry Context
This is a routine Form 4 filing, reflecting a common practice of directors receiving stock in lieu of cash compensation. It's typical for board members to have some equity stake in the companies they oversee.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of transaction: Douglas J. Hertz acquired 448 shares of SouthState Corp common stock. |
| 11/06/2024 | Date of signature: William E. Matthews, V, CFO, signed the document pursuant to power of attorney. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.