Form 4: SouthState Corp Executive Stephen Young Reports Stock Transactions
SEC Form 4
Stephen Young, Chief Strategy Officer of SouthState Corp, reports acquisition of shares through vested performance share units and subsequent disposal to cover tax obligations.
Summary
- On February 29, 2024, Stephen Dean Young, Chief Strategy Officer of SouthState Corp, reported transactions involving the company's common stock.
- Young acquired 13,479 shares of common stock upon the vesting of Performance Share Units (PSUs) awarded on January 26, 2021, which vested after a 3-year performance period ending December 31, 2023.
- Concurrently, Young disposed of 4,449 shares to cover tax liabilities at a price of $84.04 per share.
- Following these transactions, Young directly owns 39,158 shares of SouthState Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects standard executive stock transactions, with no indication of positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Key Dates
| Date | Description |
|---|---|
| 01/26/2021 | Date Performance Share Units (PSUs) were awarded. |
| 12/31/2023 | End date of the 3-year performance period for the PSUs. |
| 02/29/2024 | Date of stock acquisition and disposal transactions. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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