SSB.NYSESouthstate CORP

Form 4: SouthState Corp Executive Douglas Lloyd Williams Reports Stock Transactions

Sentiment:

SEC Form 4

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Douglas Lloyd Williams, President of Atlanta Banking Group at SouthState Corp, reports acquisition of shares through performance share units and subsequent disposal to cover tax obligations.

Summary

  • On February 26, 2025, Douglas Lloyd Williams, President of Atlanta Banking Group at SouthState Corp, reported transactions involving SouthState Corp common stock.
  • Williams acquired 4,236 shares of common stock related to Performance Share Units (PSUs) that vested on December 31, 2024, after a three-year performance period.
  • Concurrently, Williams disposed of 1,273 shares to cover tax liabilities at a price of $102.49 per share.
  • Following these transactions, Williams directly owns 19,359 shares of SouthState Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a 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. It is a standard practice for executives to receive stock-based compensation and subsequently sell shares to cover tax obligations.

Stakeholder Impact

  • The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates

DateDescription
03/01/2022Date of PSU award.
12/31/2024PSUs cliff vested after the 3-year performance period.
02/26/2025Date of stock acquisition and disposal.
02/27/2025Date of signature on the report.

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