Form 4: SouthState Corp Executive Beth S. DeSimone Reports Stock Transactions
SEC Form 4
Beth S. DeSimone, CRO and General Counsel of SouthState Corp, reports the acquisition of common stock through the vesting of Restricted Share Units (RSUs) and the disposal of shares to cover tax liabilities.
Summary
- On January 1, 2025, Beth S. DeSimone, CRO and General Counsel of SouthState Corp, acquired a total of 3,570 shares of common stock through the vesting of Restricted Share Units (RSUs).
- These RSUs vested on January 1, 2025, and were initially awarded on various dates: January 19, 2022, January 24, 2023, and January 23, 2024.
- DeSimone also disposed of 1,427 shares to cover tax liabilities associated with the vesting of these RSUs at a price of $99.48 per share.
- Following these transactions, DeSimone beneficially owns 21,537 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The vesting of RSUs indicates a continued alignment of executive compensation with company performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 06/07/2020 | CenterState Bank Corporation merger completed. |
| 01/19/2022 | RSUs were awarded, vesting at a rate of one third on each January 1st, 2023, 2024 and 2025. |
| 01/24/2023 | RSUs were awarded, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026. |
| 01/23/2024 | RSUs were awarded, vesting at a rate of one third on each January 1st, 2025, 2026 and 2027. |
| 01/01/2025 | Date of transaction: Acquisition of common stock through RSU vesting and disposal of shares for tax liabilities. |
| 01/01/2023 | RSU vested. |
| 01/01/2024 | RSU vested. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
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