Form 4: SouthState Corp Executive Douglas Lloyd Williams Reports Stock Transactions
SEC Form 4 Filing
Douglas Lloyd Williams, President of Atlanta Banking Group at SouthState Corp, reports acquisition of common stock through vesting of restricted stock units (RSUs) and subsequent disposal of shares to cover tax obligations.
Summary
- On January 1, 2025, Douglas Lloyd Williams, President of Atlanta Banking Group at SouthState Corp, acquired common stock through the vesting of previously awarded restricted stock units (RSUs).
- Specifically, 269 shares vested from an RSU award on January 19, 2022, 594 shares vested from an RSU award on January 24, 2023, and 618 shares vested from an RSU award on January 23, 2024.
- Following these acquisitions, Mr. Williams disposed of 521 shares to cover tax liabilities at a price of $99.48 per share.
- After these transactions, Mr. Williams beneficially owns 16,396 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing, indicating standard compensation practices. It doesn't inherently suggest positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small fraction of the total outstanding shares.
- The transactions are part of the executive's compensation package and do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/19/2022 | Date of RSU award, vesting one third on each January 1st, 2023, 2024 and 2025. |
| 01/24/2023 | Date of RSU award, vesting one third on each January 1st, 2024, 2025 and 2026. |
| 01/23/2024 | Date of RSU award, vesting one third on each January 1st, 2025, 2026 and 2027. |
| 01/01/2025 | Date of transaction: vesting of RSUs and disposal of shares for tax liability. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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