STEPHEN DEAN YOUNG - 19 Jan 2022 Form 4 Insider Report for SouthState Corp (SSB)

Role
Chief Strategy Officer
Signature
William E. Matthews, V, CFO, pursuant to power of attorney
Issuer symbol
SSB
Transactions as of
19 Jan 2022
Transactions value $
$950,435
Form type
4
Filing time
19 Jan 2022, 15:32:32 UTC
Previous filing
03 Jan 2022
Next filing
22 Feb 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SSB Performance Share Units Award $760,313 +8,846 +91% $85.95 18,555 19 Jan 2022 Common Stock 8,846 $85.95 Direct F1
transaction SSB Restricted Share Units Award $190,121 +2,212 +11% $85.95 22,432 19 Jan 2022 Common Stock 2,212 $85.95 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Number of Performance Share Units ("PSUs") awarded on 1/19/22. The awards will vest following the 3-year performance period ending December 31, 2024. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
F2 Number of time-vested Restricted Share Units ("RSUs") awarded on 1/19/22. The awards will vest at a rate of one third on each January 1st, 2023, 2024 and 2025. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.