Form 4: SouthState Corp Director Joshua A. Snively Acquires Shares Through Restricted Share Units

Director Joshua A. Snively acquired 1,136 shares of SouthState Corp common stock through vested Restricted Share Units (RSUs) on May 1, 2025.

Summary

• On May 1, 2025, Joshua A. Snively, a director of SouthState Corp, acquired 1,136 shares of common stock.
• The acquisition was through the vesting of Restricted Share Units (RSUs) granted as part of the annual director fees.
• The RSUs vested on November 1, 2025.
• The price per share was $87.65.
• Following the transaction, Snively directly owns 1,136 shares of SouthState Corp common stock.

Sentiment

Score: 7

Explanation: Director acquiring shares is generally a positive sign, indicating confidence in the company. However, it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Industry Context

Director share acquisitions are common in the financial industry and are often seen as a positive sign of management's confidence in the company's performance.

Comparison to Industry Standards

• Director compensation packages often include stock or restricted stock units to align their interests with those of shareholders.
• The vesting schedule of these units can vary, but cliff vesting after a certain period is a common practice.
• Comparing Snively's holdings and transactions to those of directors at peer banks like Truist Financial or Regions Financial could provide further context.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

SouthState Corp, Director, Joshua A. Snively, Restricted Share Units, RSUs, Stock Acquisition, Beneficial Ownership, Form 4