Form 4: SouthState Corp Director Janet P. Froetscher Acquires Restricted Share Units
SEC Form 4 Filing
Director Janet P. Froetscher acquired 267 Restricted Share Units (RSUs) of SouthState Corp as part of her annual director fees.
Summary
- On January 22, 2025, Janet P. Froetscher, a director of SouthState Corp, acquired 267 Restricted Share Units (RSUs) at a price of $99.47 per unit.
- These RSUs are part of the stock component of her annual director fees and will vest on July 22, 2025, six months from the grant date.
- Following the transaction, Ms. Froetscher directly owns 267 shares of SouthState Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a standard director compensation practice, indicating confidence in the company's future.
Positives
- The acquisition of RSUs by a director demonstrates alignment with shareholder interests.
- The vesting period of six months suggests a commitment to the company's long-term performance.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting date of the RSUs.
Industry Context
Director compensation often includes stock-based awards to align their interests with those of shareholders. This transaction is a typical example of such compensation within the financial services industry.
Comparison to Industry Standards
- Stock-based compensation for directors is a common practice across the financial industry.
- Companies like JPMorgan Chase, Bank of America, and Wells Fargo also utilize restricted stock units as part of their director compensation packages.
- The vesting schedules and amounts vary based on company size, performance, and individual director roles.
Stakeholder Impact
- The transaction aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.
- Employees may view this as a positive sign of management's commitment to the company.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of RSU transaction and grant date. |
| 01/23/2025 | Date of signature by William E. Matthews, V, CFO, pursuant to power of attorney. |
| 07/22/2025 | Vesting date of the Restricted Share Units. |
Keywords
SouthState Corp, Director, Janet P. Froetscher, Restricted Share Units, RSU, Acquisition, Director Fees, Form 4, Beneficial Ownership
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