Form 4: SouthState Corp Executive Richard Murray IV Reports Stock Transactions
SEC Form 4 Filing
Richard Murray IV, President of SouthState Corp, reports acquisition of shares through RSU vesting and disposition of shares to cover tax obligations.
Summary
- Richard Murray IV, President of SouthState Corp, reported transactions involving the company's common stock on January 1, 2025.
- Murray acquired a total of 6,843 shares through the vesting of Restricted Stock Units (RSUs).
- These RSUs were granted on various dates and vested over time.
- A total of 3,197 shares were disposed of to cover tax liabilities related to the vesting of these RSUs.
- Following these transactions, Murray directly owns 61,464 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2020 | CenterState Bank Corporation merger completed. |
| 01/19/2022 | RSU were awarded, vesting at a rate of one third on each January 1st, 2023, 2024 and 2025. |
| 01/24/2023 | RSU were awarded, vesting at a rate of one third on each January 1st, 2024, 2025 and 2026. |
| 01/23/2024 | RSU were awarded, vesting at a rate of one third on each January 1st, 2025, 2026 and 2027. |
| 01/01/2025 | Date of transactions: acquisition of shares through RSU vesting and disposition of shares for tax obligations. |
| 01/01/2023 | Time vested RSU vested. |
| 01/03/2025 | Date of signature by William E. Matthews, V, CFO, pursuant to power of attorney. |
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