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

Sara Arana, Chief Accounting Officer of SouthState Corp, reports the acquisition of 387 Performance Share Units on March 5, 2025.

Summary

• On March 6, 2025, a Form 4 filing with the SEC revealed that Sara Arana, the Chief Accounting Officer of SouthState Corp [SSB], acquired 387 Performance Share Units (PSUs) on March 5, 2025.
• These PSUs were awarded at a price of $94.56 each.
• The PSUs will vest after a two-year credit quality performance measurement period ending on December 31, 2026.
• Upon vesting, each PSU is exchangeable for one share of SouthState Corp's common stock.
• Following the reported transaction, Ms. Arana directly owns 1,169 shares.
• William E. Matthews, V, CFO, signed the report on behalf of Sara Arana, pursuant to power of attorney.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests.

Positives

• The acquisition of Performance Share Units aligns Ms. Arana's interests with the long-term performance of SouthState Corp.

Future Outlook

The Performance Share Units will vest following the 2-year credit quality performance measurement period ending December 31, 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The acquisition of PSUs by a key executive signals confidence in the company's future performance, which can positively influence shareholder sentiment.

Key Dates