Form 4: SouthState Corp Executive Stephen Dean Young Reports Share Transactions
SEC Form 4
Stephen Dean Young, Chief Strategy Officer of SouthState Corp, reports acquisition of shares through RSU vesting and disposition of shares for tax liability.
Summary
- On January 1, 2025, Stephen Dean Young, Chief Strategy Officer of SouthState Corp, acquired shares of common stock through the vesting of Restricted Share Units (RSUs).
- A total of 12,578 shares were acquired through RSU vesting.
- 4,971 shares were disposed of to cover tax liabilities at a price of $99.48 per share.
- Following these transactions, Young directly owns 42,265 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation and share transactions, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2020 | CenterState Bank Corporation merger completed. |
| 01/19/2022 | RSUs awarded, vesting in thirds on January 1st, 2023, 2024 and 2025. |
| 01/24/2023 | RSUs awarded, vesting in thirds on January 1st, 2024, 2025 and 2026. |
| 01/23/2024 | RSUs awarded, vesting in thirds on January 1st, 2025, 2026 and 2027. |
| 01/01/2025 | Date of transactions: RSU vesting and tax liability share withholding. |
| 01/03/2025 | Date of Form 4 signature. |
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