Form 4: SouthState Corp Director William K. Pou Jr. Reports Stock Award Vesting
SEC Form 4
Director William K. Pou Jr. reports the vesting of 1,063 shares of SouthState Corp common stock on November 1, 2024, as part of a restricted stock unit (RSU) award.
Summary
- On November 1, 2024, William K. Pou Jr., a director of SouthState Corp, had 1,063 shares of common stock vest as part of a previously granted RSU award.
- The RSUs were granted on May 1, 2024, as part of the stock component of the annual director fees and cliff vested on November 1, 2024.
- Following the transaction, Pou directly owns 22,141 shares of SouthState Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. It is neither particularly positive nor negative.
Positives
- The vesting of RSUs aligns director compensation with shareholder interests.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The vesting of shares aligns director interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of RSU grant |
| 11/01/2024 | Date of stock vesting |
| 11/04/2024 | Date of Form 4 filing |
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