SSB.NYSESouthstate CORP

Form 4: SouthState Corp Director Shantella E. Cooper Acquires Restricted Share Units

Sentiment:

SEC Form 4

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Director Shantella E. Cooper acquired 1,063 Restricted Share Units (RSUs) of SouthState Corp on May 1, 2024, as part of annual director fees.

Summary

  • On May 1, 2024, Shantella E. Cooper, a director of SouthState Corp, acquired 1,063 Restricted Share Units (RSUs) at a price of $77.28 per unit.
  • These RSUs represent the stock component of the annual director fees and will vest on November 1, 2024, six months from the grant date.
  • Following the transaction, Cooper directly owns 1,063 shares of SouthState Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

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

Industry Context

Director compensation in the form of stock and restricted share units is a common practice in the financial industry to align the interests of directors with those of shareholders.

Stakeholder Impact

  • The acquisition of RSUs by a director can positively influence shareholder sentiment by demonstrating alignment of interests.

Key Dates

DateDescription
05/01/2024Date of transaction: Shantella E. Cooper acquired 1,063 Restricted Share Units.
05/01/2024Date of transaction: RSUs granted as part of the stock component of the annual director fees.
11/01/2024Vesting date of the 1,063 Restricted Share Units.
05/02/2024Date of filing of the Form 4.

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