Form 4: SouthState Corp Executive Beth S. DeSimone Reports Stock Transactions
SEC Form 4 Filing
Beth S. DeSimone, CRO and General Counsel of SouthState Corp, reports the acquisition of 4,026 common shares from vested Performance Share Units and the disposal of 1,504 shares to cover tax obligations.
Summary
- On February 26, 2025, Beth S. DeSimone, CRO and General Counsel of SouthState Corp, reported transactions involving the company's common stock.
- DeSimone acquired 4,026 shares of common stock upon the vesting of Performance Share Units (PSUs) awarded on January 19, 2022, which vested after a 3-year performance period ending December 31, 2024.
- Simultaneously, DeSimone disposed of 1,504 shares to cover tax liabilities associated with the vesting of these PSUs at a price of $102.49.
- Following these transactions, DeSimone directly owns 24,059 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity related to vested equity compensation.
Key Dates
| Date | Description |
|---|---|
| 01/19/2022 | Date Performance Share Units (PSUs) were awarded. |
| 12/31/2024 | End of the 3-year performance period for the PSUs. |
| 02/26/2025 | Date of the stock transactions (acquisition and disposal). |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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