Form 4: SouthState Corp Director Douglas J. Hertz Acquires Shares Through Restricted Share Units

Director Douglas J. Hertz acquired 1,136 shares of SouthState Corp through the vesting of restricted share units on November 1, 2025.

Summary

• On May 1, 2025, Douglas J. Hertz, a director of SouthState Corp, was granted restricted share units (RSUs) as part of the stock component of annual director fees.
• These RSUs cliff vested on November 1, 2025, resulting in the acquisition of 1,136 common shares.
• The price per share at the time of the transaction was $87.65.
• Following the transaction, Mr. Hertz directly owns 1,136 shares.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (director share acquisition through RSU vesting). It's neutral to slightly positive as it indicates director alignment with shareholder interests.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Director share acquisitions are common and often tied to compensation packages, aligning director interests with shareholder value. This is a routine transaction.

Comparison to Industry Standards

• Director compensation packages often include stock or restricted stock units to align their interests with shareholders, similar to practices at comparable regional banks like Truist Financial or Regions Financial.
• The vesting schedule and terms of the RSUs are likely consistent with industry norms for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

SouthState Corp, Director, Douglas J. Hertz, Restricted Share Units, RSUs, Share Acquisition, Beneficial Ownership, Form 4, Director Fees, Stock Component