Form 4: SouthState Corp Executive Douglas Lloyd Williams Reports Gift of 2,500 Shares

Douglas Lloyd Williams, President of the Atlanta Banking Group at SouthState Corp, reported a gift of 2,500 common stock shares to a charitable organization.

Summary

• Douglas Lloyd Williams, an officer at SouthState Corp, reported a transaction involving the company's common stock.
• On November 14, 2024, Mr. Williams gifted 2,500 shares of common stock to a charitable organization.
• The transaction was a bona fide gift, with a price of $0.00 per share.
• Following the transaction, Mr. Williams directly owns 15,436 shares of SouthState Corp common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating a neutral event. The gift of shares is not inherently positive or negative for the company's performance.

Industry Context

This is a routine Form 4 filing, which is standard practice when company insiders make transactions involving their company's stock. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the United States.
• The reporting of gifts of stock is a common occurrence and is not unusual for executives.
• The transaction is consistent with SEC regulations regarding insider trading and reporting requirements.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a gift of shares by an executive and does not affect the company's financials.

Key Dates

Keywords

SouthState Corp, insider trading, Form 4, stock gift, charitable donation, Douglas Lloyd Williams, SSB, executive transaction