Form 4: SouthState Corp Director Shantella E. Cooper Acquires Shares in Lieu of Cash Retainer
SEC Form 4
Director Shantella E. Cooper acquired 273 shares of SouthState Corp common stock in lieu of a quarterly cash retainer payment on August 12, 2024.
Summary
- On August 12, 2024, Shantella E. Cooper, a director of SouthState Corp, acquired 273 shares of common stock.
- The acquisition was made in lieu of a quarterly cash retainer payment.
- The price per share was $87.13.
- Following the transaction, Cooper directly owns 6,083 shares of SouthState Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction. The director taking stock instead of cash could be seen as a slightly positive signal.
Positives
- The director's decision to take shares in lieu of cash may signal confidence in the company's future performance.
Industry Context
Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly in smaller to mid-sized companies. It aligns the director's interests with those of shareholders and conserves cash.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares.
- The transaction has a minimal impact on employees, customers, suppliers and creditors.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of transaction: Shantella E. Cooper acquired 273 shares of SouthState Corp common stock. |
| 08/13/2024 | Date of signature: William E. Matthews, V, CFO, signed on behalf of Shantella E. Cooper pursuant to power of attorney. |
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