Form 4: SSB Officer's RSU Vesting and Tax Withholding

SouthState Bank Corp's Chief Administrative Officer, Jennifer Idell, reported the vesting of Restricted Stock Units and subsequent tax-related share withholding on January 1, 2026.

Summary

• Jennifer Idell, Chief Administrative Officer of SouthState Bank Corp (SSB), reported changes in beneficial ownership on January 1, 2026.
• A total of 1,165 common shares were acquired through the vesting of three separate Restricted Stock Unit (RSU) grants.
• Specifically, 366 shares vested from an RSU grant awarded on January 24, 2023.
• Another 379 shares vested from an RSU grant awarded on January 23, 2024.
• An additional 420 shares vested from an RSU grant awarded on January 21, 2025.
• 382 common shares were disposed of to satisfy tax liabilities associated with the RSU vesting, at a price of $94.11 per share.
• Following these transactions, Jennifer Idell directly beneficially owns 17,242 common shares.

Sentiment

Score: 7

Explanation: This is a routine executive compensation event, indicating continued alignment of executive interests with shareholders through equity ownership, offset by standard tax-related share disposal. It does not introduce new material information that would significantly alter the company's fundamental outlook.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates the execution of a pre-scheduled executive compensation plan, aligning management's interests with shareholders.
• Jennifer Idell retains a significant beneficial ownership of 17,242 common shares, demonstrating continued equity participation in the company.

Negatives

• A portion of the vested shares (382 shares) was disposed of to cover tax liabilities, resulting in a slight reduction in direct share ownership.

Future Outlook

The filing does not contain forward-looking statements or guidance beyond the pre-scheduled vesting dates for existing RSU grants on January 1, 2027, and January 1, 2028.

Industry Context

This transaction represents a routine executive compensation event common across publicly traded companies, particularly in the financial services sector, where Restricted Stock Units are a standard component of long-term incentive plans designed to retain key talent and align their interests with shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for executive compensation is a widely adopted practice across the banking industry, similar to compensation structures at peers like Truist Financial Corporation or Regions Financial Corporation.
• The mechanism of vesting over several years (e.g., one-third annually) is a standard approach to encourage long-term retention and performance.
• The disposition of shares to cover tax liabilities upon vesting is a common and expected procedure, consistent with practices observed at other financial institutions.

Stakeholder Impact

• Shareholders: The continued equity ownership by a key executive reinforces alignment of interests, which is generally viewed positively.
• Employees: The execution of long-term incentive plans can serve as a positive signal regarding the company's commitment to executive retention and performance-based compensation.

Next Steps

• Future RSU vestings are scheduled for January 1, 2027, and January 1, 2028, for previously awarded grants.

Key Dates

Recommendation

This Form 4 filing details routine, pre-scheduled insider transactions related to executive compensation (RSU vesting and tax withholding). It does not contain new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and reflect ongoing executive equity participation.

Keywords

SouthState Bank Corp, SSB, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Jennifer Idell, Chief Administrative Officer, Stock Ownership