Form 4: SSB CEO Gifts 5,000 Shares to Charity

SouthState Bank Corp CEO John C. Corbett reported a future gift of 5,000 common shares to a charitable organization, effective September 18, 2025.

Summary

• John C. Corbett, CEO and Director of SouthState Bank Corp (SSB), reported a disposition of 5,000 shares of common stock.
• The transaction is a bona fide gift to a charitable organization.
• The transaction date is September 18, 2025.
• Following this transaction, Corbett will beneficially own 107,750 shares of SSB common stock.
• The shares were disposed of at a price of $0.00 per share, consistent with a gift.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. While it's a disposition, it's a charitable gift, which is generally viewed favorably from a Corporate Social Responsibility (CSR) perspective, though it slightly reduces insider ownership.

Positives

• The gift to a charitable organization demonstrates corporate social responsibility from a key executive.

Negatives

• A reduction in direct ownership by a CEO, even for charitable purposes, slightly decreases their direct financial alignment with shareholders.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing and does not provide broader industry context relevant to SouthState Bank Corp's operations or the banking sector.

Stakeholder Impact

• Shareholders: A minor reduction in the CEO's direct ownership, but for a charitable cause, which is generally not viewed negatively.
• Charitable Organization: Direct beneficiary of the gift.

Key Dates

Recommendation

This Form 4 filing reports a routine charitable gift by the CEO and does not provide new information that would warrant a change in investment recommendation. The transaction is not indicative of a change in the company's fundamentals or the CEO's confidence in the company's future, but rather a personal philanthropic decision.

Keywords

SouthState Bank Corp, SSB, John C. Corbett, Insider Transaction, Form 4, Stock Gift, CEO, Charitable Donation