Form 4: SouthState Corp Director Jean E. Davis Acquires Shares Through RSU Vesting

Director Jean E. Davis acquired 1,063 shares of SouthState Corp common stock on November 1, 2024, through the vesting of restricted stock units (RSUs).

Summary

• On November 1, 2024, Jean E. Davis, a director of SouthState Corp, acquired 1,063 shares of common stock.
• The acquisition was a result of the vesting of restricted stock units (RSUs) granted on May 1, 2024, as part of the annual director fees.
• The RSUs cliff vested on November 1, 2024.
• Following the transaction, Davis directly owns 19,219 shares of SouthState Corp common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (RSU vesting) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

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

Industry Context

Director share acquisitions are a common occurrence in publicly traded companies and are often viewed as a sign of management's confidence in the company's performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.

Key Dates