Form 4: SouthState Corp Executive Daniel Bockhorst Reports Stock Transactions
SEC Form 4 Filing
Daniel Bockhorst, Chief Credit Officer of SouthState Corp, reports the acquisition and disposal of common stock related to performance share units.
Summary
- On February 29, 2024, Daniel Bockhorst, Chief Credit Officer of SouthState Corp, reported transactions involving the company's common stock.
- Bockhorst acquired 3,687 shares of common stock at $0.00 related to vested Performance Share Units (PSUs) awarded on January 26, 2021, which vested after a 3-year performance period ending December 31, 2023.
- Simultaneously, 87 shares were disposed of at $84.04 to cover tax liabilities associated with the issued securities.
- Following these transactions, Bockhorst beneficially owns 38,828 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/26/2021 | Date Performance Share Units (PSUs) were awarded. |
| 12/31/2023 | End of the 3-year performance period for the PSUs. |
| 02/29/2024 | Date of the reported stock transactions (acquisition and disposal). |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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.