Form 4: SouthState Corp Director James W. Roquemore Acquires Restricted Share Units

Director James W. Roquemore acquired 1,063 restricted share units (RSUs) of SouthState Corp on May 1, 2024, as part of annual director fees.

Summary

• On May 1, 2024, James W. Roquemore, a director of SouthState Corp, acquired 1,063 restricted share units (RSUs).
• The RSUs were granted as part of the stock component of the annual director fees.
• The grant price was $77.28 per share.
• These RSUs will cliff vest six months from the grant date, on November 1, 2024.
• Following the transaction, Roquemore directly owns 1,063 derivative securities.

Sentiment

Score: 7

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

Positives

• The acquisition of RSUs by a director demonstrates alignment with shareholder interests.

Industry Context

This is a standard disclosure related to director compensation and is common in the financial services industry.

Comparison to Industry Standards

• Director compensation packages often include stock or restricted stock units to align director interests with those of shareholders.
• The vesting schedule of six months is relatively standard for RSU grants.

Stakeholder Impact

• The grant of RSUs to a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates