Form 4: SouthState Corp Director Janet P. Froetscher Reports Acquisition of Restricted Share Units
SEC Form 4
Director Janet P. Froetscher reports acquisition of SouthState Corp Restricted Share Units as part of annual director fees.
Summary
- On May 1, 2025, Janet P. Froetscher, a director of SouthState Corp, acquired 1,136 Restricted Share Units (RSUs) at a price of $87.65.
- These RSUs were granted as part of the stock component of the annual director fees.
- The RSUs cliff vested on November 1, 2025, and are convertible to 1,136 shares of common stock.
- Following the transaction, Ms. Froetscher directly owns 1,403 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to director compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure related to director compensation in the form of equity. It is standard practice for companies to grant stock or restricted stock units to directors as part of their compensation packages.
Comparison to Industry Standards
- Director compensation packages often include a mix of cash and equity.
- The specific amount and type of equity granted can vary widely based on company size, performance, and industry practices.
- Comparing SouthState Corp's director compensation to that of peer banks would provide a more complete picture of its competitiveness.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to director compensation.
- The transaction has a minor impact on employees as it relates to director compensation.
- The transaction has a minor impact on customers as it relates to director compensation.
- The transaction has a minor impact on suppliers as it relates to director compensation.
- The transaction has a minor impact on creditors as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of transaction: Janet P. Froetscher acquired 1,136 Restricted Share Units. |
| 05/01/2025 | Date of grant: Restricted Share Units were granted as part of the stock component of the annual director fees. |
| 11/01/2025 | Vesting date: Restricted Share Units cliff vested. |
| 05/02/2025 | Date of Form 4 filing. |
Keywords
SouthState Corp, Director, Janet P. Froetscher, Restricted Share Units, RSUs, Form 4, Beneficial Ownership, Director Fees, Stock Component
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