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

Director Douglas J. Hertz acquired 503 shares of SouthState Corp common stock on August 12, 2024, in lieu of a quarterly cash retainer payment.

Summary

• On August 12, 2024, Douglas J. Hertz, a director of SouthState Corp, acquired 503 shares of common stock.
• The acquisition was made in lieu of a quarterly cash retainer payment.
• The price per share was $87.13.
• Following the transaction, Hertz directly owns 13,391 shares of SouthState Corp.
• The transaction was reported on August 13, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction of a director receiving stock in lieu of cash. It doesn't indicate any major positive or negative outlook.

Positives

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

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This is a common practice in the financial industry.

Related Party Transactions

• The acquisition of shares by Douglas J. Hertz, a director, 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 standard form of director compensation.

Key Dates