Form 4: SouthState Corp Executive Lapointe Reports Stock Transactions

Greg A. Lapointe, Chief Banking Officer of SouthState Corp, reports acquisition of 7,680 shares and disposal of 1,834 shares of common stock on February 29, 2024.

Summary

• On February 29, 2024, Greg A. Lapointe, Chief Banking Officer of SouthState Corp, engaged in transactions involving the company's common stock.
• Lapointe acquired 7,680 shares of common stock at a price of $0.00.
• These shares were issued pursuant to Performance Share Units (PSUs) awarded on January 26, 2021, which vested after a 3-year performance period ending December 31, 2023.
• Lapointe also disposed of 1,834 shares of common stock at a price of $84.04.
• This disposal was due to the withholding of shares to cover tax liabilities related to the securities issued.
• Following these transactions, Lapointe beneficially owns 28,487 shares of SouthState Corp common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the vesting of PSUs suggests that performance goals were met.

Positives

• The vesting of Performance Share Units (PSUs) indicates that performance goals were likely met over the 3-year performance period ending December 31, 2023.

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 minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates