Form 4: SouthState Corp Executive Daniel Bockhorst Reports Stock Transactions
SEC Form 4
Daniel Bockhorst, Chief Credit Officer of SouthState Corp, reports acquisition of common stock through RSU vesting and subsequent tax withholding.
Summary
- Daniel Bockhorst, Chief Credit Officer of SouthState Corp, reported transactions involving the company's common stock on January 1, 2025.
- These transactions include the acquisition of 2,452 shares and 1,114 shares of common stock through the vesting of Restricted Share Units (RSUs).
- Additionally, 1,060 shares were withheld to cover tax liabilities related to the vesting of these securities at a price of $99.48 per share.
- Following these transactions, Bockhorst directly owns 32,834 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation, and does not contain information that would significantly impact investor sentiment.
Positives
- The vesting of RSUs indicates a form of compensation and alignment of the executive's interests with the company's performance.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 06/07/2020 | CenterState Bank Corporation merger completed. |
| 01/19/2022 | RSUs were awarded. |
| 01/24/2023 | RSUs were awarded. |
| 01/01/2023 | RSUs vested. |
| 01/23/2024 | RSUs were awarded. |
| 01/01/2025 | Date of earliest transaction; RSUs vested and shares were withheld for taxes. |
| 01/03/2025 | Date of signature on the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.