Form 4: SouthState Corp Executive Renee R. Brooks Reports Stock Transactions
SEC Form 4 Filing
Renee R. Brooks, Chief Operating Officer of SouthState Corp, reports the acquisition of 7,680 shares of common stock and disposition of 3,523 shares to cover tax obligations.
Summary
- On February 29, 2024, Renee R. Brooks, the Chief Operating Officer of SouthState Corp, acquired 7,680 shares of common stock related to vested Performance Share Units (PSUs).
- The PSUs were awarded on January 26, 2021, and vested after a three-year performance period ending December 31, 2023.
- Also on February 29, 2024, Ms. Brooks disposed of 3,523 shares of common stock to cover tax liabilities associated with the vesting of the PSUs at a price of $84.04 per share.
- Following these transactions, Ms. Brooks directly owns 36,217 shares of SouthState Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects routine insider transactions related to compensation and tax obligations, indicating standard operational procedures. There is nothing to suggest a positive or negative outlook.
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's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/26/2021 | Date Performance Share Units (PSUs) were awarded. |
| 12/31/2023 | End date of the 3-year performance period for the PSUs. |
| 02/29/2024 | Date of stock acquisition and disposition. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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