SSB.NYSESouthstate CORP

Form 4: SouthState Corp Executive Jennifer Idell Reports Stock Transactions

Sentiment:

SEC Form 4

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Jennifer Idell, Chief Administrative Officer of SouthState Corp, reports the vesting of Performance Share Units and subsequent tax withholding.

Summary

  • On February 26, 2025, Jennifer Idell, Chief Administrative Officer of SouthState Corp, reported transactions involving SouthState Corp common stock.
  • 2,876 common shares were acquired upon the vesting of Performance Share Units (PSUs) awarded on January 19, 2022, which vested after a 3-year performance period ending December 31, 2024.
  • 787 shares were withheld to cover tax liabilities related to the vesting of these PSUs at a price of $102.49.
  • Following these transactions, Idell directly owns 16,459 shares of SouthState Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, 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. It reflects standard compensation practices involving equity-based awards.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

DateDescription
01/19/2022Date Performance Share Units (PSUs) were awarded.
12/31/2024End of the 3-year performance period for the PSUs.
02/26/2025Date of the stock transactions (vesting of PSUs and tax withholding).
02/27/2025Date of signature on the Form 4 filing.

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