Form 4: SouthState Corp Director Shantella E. Cooper Reports Acquisition of Restricted Share Units

Director Shantella E. Cooper reports acquisition of 1,136 Restricted Share Units (RSUs) of SouthState Corp as part of annual director fees.

Summary

• On May 1, 2025, Shantella E. Cooper, a director of SouthState Corp, acquired 1,136 Restricted Share Units (RSUs).
• The RSUs were granted as part of the stock component of the annual director fees.
• The price of the RSUs was $87.65.
• These RSUs cliff vested on November 1, 2025, and are convertible to 1,136 shares of common stock.
• Following the transaction, Cooper directly owns 1,136 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of director compensation, which is generally neutral. The acquisition of RSUs can be seen as a positive sign of alignment with shareholder interests, but it's not a major event.

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.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice among publicly traded companies, including financial institutions like SouthState Corp.
• Comparable companies often use a mix of cash and equity to compensate directors, with the equity component designed to incentivize long-term value creation.
• The specific amount and vesting schedule of RSUs can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The acquisition of RSUs by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

SouthState Corp, Director, RSU, Restricted Share Units, Beneficial Ownership, Form 4, SSB, Cooper, Director Fees