Form 4: SouthState Corp Executive Daniel E. Bockhorst Reports Stock Transactions
SEC Form 4 Filing
Daniel E. Bockhorst, Chief Credit Officer of SouthState Corp, reports the acquisition of 3,253 shares of common stock and the disposal of 1,248 shares to cover tax liabilities.
Summary
- On February 26, 2025, Daniel E. Bockhorst, Chief Credit Officer of SouthState Corp, reported transactions involving the company's common stock.
- He acquired 3,253 shares of common stock related to vested Performance Share Units (PSUs) awarded on January 19, 2022, which vested after a 3-year performance period ending December 31, 2024.
- Simultaneously, he disposed of 1,248 shares to cover tax liabilities at a price of $102.49 per share.
- Following these transactions, Bockhorst directly owns 35,330 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, 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 in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity related to executive 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 reported stock transactions (acquisition and disposal). |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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