Form 4: SSB Director Hertz Boosts Stake with Stock Compensation

SouthState Bank Corp Director Douglas J. Hertz acquired 474 shares of common stock at $102.97 per share, increasing his beneficial ownership to 18,502 shares.

Summary

• Douglas J. Hertz, a Director of SouthState Bank Corp (SSB), acquired 474 shares of common stock.
• The transaction occurred on February 2, 2026, at a price of $102.97 per share.
• This acquisition was in lieu of a quarterly cash retainer payment.
• Following this transaction, Hertz beneficially owns 18,502 shares of SouthState Bank Corp common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director increasing their stake, even through compensation, aligns their interests with shareholders and suggests confidence in the company's value.

Positives

• Director Douglas J. Hertz increased his beneficial ownership in SouthState Bank Corp by acquiring 474 shares, demonstrating continued alignment with shareholder interests.
• The acquisition was part of a pre-planned Rule 10b5-1(c) arrangement, indicating a structured and transparent approach to insider transactions.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the transaction details.

Industry Context

StockSavvy.ai notes that insider purchases, even for compensation, can signal management's confidence in the company's future performance, a common practice in the banking sector where director compensation often includes equity.

Related Party Transactions

• Director Douglas J. Hertz received common stock as compensation in lieu of a cash retainer, which is a standard related-party transaction for director compensation.

Stakeholder Impact

• Shareholders may view the director's increased equity ownership as a positive sign of alignment between management and shareholder interests.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where a director received shares as compensation. While it shows alignment of interests, it does not present new fundamental information to warrant a change in investment recommendation. Investors should consider broader financial performance and market conditions.

Keywords

SouthState Bank Corp, SSB, Douglas J. Hertz, Insider Trading, Form 4, Stock Acquisition, Director Compensation, Equity Ownership, Rule 10b5-1