Form 4: SouthState Corp Executive Richard Murray IV Reports Gift of Shares

Richard Murray IV, President of SouthState Corp, reported a gift of 1,150 common stock shares to a charitable organization.

Summary

• Richard Murray IV, President of SouthState Corp, has reported a transaction involving the company's common stock.
• On November 12, 2024, Mr. Murray gifted 1,150 shares of common stock to a charitable organization.
• The transaction was a bona fide gift, with a price of $0.00 per share.
• Following the transaction, Mr. Murray directly owns 57,818 shares of SouthState Corp common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock gift, with no positive or negative implications for the company's performance or outlook.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It does not indicate any specific trend or event within the banking industry.

Comparison to Industry Standards

• Insider transactions are a normal part of corporate governance and are regularly reported by executives of publicly traded companies.
• The gifting of shares to a charitable organization is not uncommon and is often part of personal financial planning for executives.
• The reporting of this transaction is consistent with SEC regulations and industry standards for transparency.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a gift and does not affect the company's financials or operations.

Key Dates

Keywords

SouthState Corp, Richard Murray IV, stock gift, charitable donation, insider transaction, common stock, SSB