Form 4: SouthState Corp Director William K. Pou Jr. Acquires Restricted Share Units
SEC Form 4 Filing
Director William K. Pou Jr. acquired 1,063 restricted share units (RSUs) of SouthState Corp on May 1, 2024, as part of his annual director fees.
Summary
- On May 1, 2024, William K. Pou Jr., a director of SouthState Corp, acquired 1,063 restricted share units (RSUs).
- The RSUs were granted as part of the stock component of his annual director fees.
- The price of the RSUs was $77.28 per unit.
- These RSUs will vest on November 1, 2024, six months from the grant date.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a director receiving stock as part of their compensation. It doesn't indicate any significant positive or negative outlook.
Positives
- The acquisition of RSUs by a director demonstrates confidence in the company's future.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's sentiment towards the company's prospects.
Stakeholder Impact
- The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: William K. Pou Jr. acquired 1,063 restricted share units. |
| 05/01/2024 | Date of grant: Restricted Share Units were granted as part of annual director fees. |
| 11/01/2024 | Vesting date: Restricted Share Units will cliff vest 6 months from the grant date. |
| 05/02/2024 | Date of signature: William E. Matthews, V, CFO, signed pursuant to power of attorney. |
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