Form 4: SouthState Corp Director Martin Bernard Davis Acquires Restricted Share Units

Director Martin Bernard Davis acquired 1,136 Restricted Share Units (RSUs) of SouthState Corp on May 1, 2025, which vested on November 1, 2025, as part of annual director fees.

Summary

• On May 1, 2025, Martin Bernard Davis, a director of SouthState Corp, acquired 1,136 Restricted Share Units (RSUs) at a price of $87.65 per unit.
• These RSUs represent the stock component of the annual director fees.
• The RSUs cliff vested on November 1, 2025, and are convertible to common stock on a 1:1 basis.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of RSUs can be seen as a positive sign of alignment between the director and shareholder interests.

Positives

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

Industry Context

Director compensation through stock grants is a common practice in the financial industry to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies, including financial institutions.
• The amount and vesting schedule of RSUs can vary significantly based on company size, performance, and industry benchmarks.
• Comparing SouthState Corp's director compensation practices with peers like Truist Financial, Regions Financial, and Fifth Third Bancorp would provide a more comprehensive assessment.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence by aligning director interests with shareholder value.

Key Dates

Keywords

SouthState Corp, Director, Martin Bernard Davis, Restricted Share Units, RSUs, Stock, Acquisition, Vesting, Director Fees