Form 4: SouthState Corp Executive Richard Murray IV Sells 4,900 Shares
SEC Form 4
Richard Murray IV, President of SouthState Corp, sold 4,900 shares of common stock at a price of $81.85 on March 20, 2024.
Summary
- On March 20, 2024, Richard Murray IV, President of SouthState Corp, sold 4,900 shares of the company's common stock.
- The transaction was executed at a price of $81.85 per share.
- Following the sale, Murray directly owns 58,968 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing for an executive stock sale, which is a neutral event. It doesn't inherently indicate positive or negative sentiment towards the company.
Industry Context
Executive stock sales are a common occurrence and are publicly disclosed to ensure transparency and prevent insider trading. The sale itself doesn't necessarily indicate a negative outlook for the company, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply, but the effect is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of the stock sale transaction |
| 03/21/2024 | Date of signature on the Form 4 filing |
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