Form 4: SouthState CSO Gifts 2,750 Shares to Charity
Insider Transaction Report
SouthState Corp's Chief Strategy Officer, Stephen Dean Young, reported gifting 2,750 shares of common stock to a charitable organization.
Summary
- Stephen Dean Young, Chief Strategy Officer of SouthState Corp (SSB), reported a transaction on August 28, 2025.
- The transaction involved the disposition of 2,750 shares of SouthState Corp Common Stock.
- This disposition was a bona fide gift to a charitable organization, with a reported price of $0.00 per share.
- Following this transaction, Mr. Young directly beneficially owns 46,534 shares of SouthState Corp Common Stock.
Sentiment
Score: 5
Explanation: The filing is a routine Form 4 reporting an insider stock gift, which is a neutral event for the company's operational performance and does not significantly alter the investment thesis.
Positives
- The transaction represents a philanthropic act by a key executive, as it was a gift to a charitable organization.
Negatives
- The transaction resulted in a decrease of 2,750 shares in the direct beneficial ownership of a key executive.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
This filing reports a routine insider transaction, which is a common occurrence for executives managing their equity holdings and does not directly reflect broader industry trends.
Stakeholder Impact
- Shareholders: The transaction results in a minor reduction in direct insider ownership, which is generally negligible in its overall impact on the company's valuation or strategic direction.
Key Dates
| Date | Description |
|---|---|
| 08/28/2025 | Date of transaction and deemed execution date for the gift of common stock by Stephen Dean Young. |
| 08/28/2025 | Date of filing signature by William E. Matthews, V, CFO, pursuant to power of attorney. |
Recommendation
holdThis Form 4 reports a routine insider gift of shares and does not contain information that would warrant a change in investment recommendation for SouthState Corp. The transaction is a neutral event for the company's fundamentals and does not indicate any material operational or strategic shifts.
Keywords
SouthState Corp, SSB, Stephen Dean Young, Chief Strategy Officer, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Common Stock
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