Form 4: SouthState Corp Executive Renee R. Brooks Reports Stock Transactions
SEC Form 4
Renee R. Brooks, Chief Operating Officer of SouthState Corp, reports acquisition of common stock through vested Restricted Stock Units (RSUs) and a disposition of shares to cover tax liabilities.
Summary
- Renee R. Brooks, the Chief Operating Officer of SouthState Corp, filed a Form 4 detailing changes in beneficial ownership.
- On January 1, 2025, Brooks acquired a total of 2,266 shares of common stock through the vesting of Restricted Stock Units (RSUs).
- These RSUs were granted on January 19, 2022, January 24, 2023, and January 23, 2024, and vest in three annual installments.
- Also on January 1, 2025, 786 shares were disposed of to cover tax liabilities at a price of $99.48 per share.
- Following these transactions, Brooks directly owns 30,845 shares of SouthState Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.
Positives
- The acquisition of shares through RSU vesting indicates confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/19/2022 | RSUs were awarded, vesting at a rate of one third on each January 1st, 2023, 2024 and 2025. |
| 01/24/2023 | RSUs were awarded, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026. |
| 01/23/2024 | RSUs were awarded, vesting at a rate of one third on each January 1st, 2025, 2026 and 2027. |
| 01/01/2025 | Date of transaction: Acquisition of shares through RSU vesting and disposition of shares for tax liabilities. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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