Form 4: SouthState Corp Executive Sara Arana Reports Acquisition of Performance and Restricted Share Units

Sara Arana, Chief Accounting Officer of SouthState Corp, reports the acquisition of performance share units and restricted share units.

Summary

• On February 19, 2025, Sara Arana, Chief Accounting Officer of SouthState Corp, reported the acquisition of 56 performance share units (PSUs) and 38 restricted share units (RSUs).
• The PSUs, priced at $102.49, will vest after a 3-year performance period ending December 31, 2027, and are exchangeable for common stock at a 1:1 ratio.
• The RSUs, also priced at $102.49, will vest in three equal installments on January 1st of 2026, 2027, and 2028, and are also exchangeable for common stock at a 1:1 ratio.
• Following these transactions, Arana directly owns 782 common stock shares and 250 restricted share units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns executive interests with shareholder value. There are no indications of negative performance or concerns.

Positives

• The acquisition of share units by a key executive could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The performance share units will vest based on performance through December 31, 2027, while the restricted share units will vest in installments through January 1, 2028.

Industry Context

Share-based compensation is a common practice in the financial industry to align the interests of executives with those of shareholders.

Comparison to Industry Standards

• Many financial institutions use a mix of performance-based and time-vested equity awards to incentivize and retain key personnel.
• The vesting schedules and exchange ratios are fairly standard compared to similar companies.

Stakeholder Impact

• The acquisition of share units aligns the executive's interests with those of shareholders, potentially driving long-term value creation.

Key Dates

Keywords

SouthState Corp, Sara Arana, Performance Share Units, Restricted Share Units, SSB, Form 4, Beneficial Ownership, Chief Accounting Officer