STEPHEN DEAN YOUNG - 23 Jan 2024 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
23 Jan 2024
Transactions value $
$1,022,397
Form type
4
Filing time
25 Jan 2024, 16:40:44 UTC
Previous filing
03 Jan 2024
Next filing
04 Mar 2024
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 $613,437 +7,491 +29% $81.89 33,001 23 Jan 2024 Common Stock 7,491 $81.89 Direct F1
transaction SSB Restricted Share Units Award $408,958 +4,994 +100% $81.89 9,982 23 Jan 2024 Common Stock 4,994 $81.89 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") at target awarded on 1/23/24. The awards will vest following the 3-year performance period ending December 31, 2026. 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 1/23/24. The awards will vest at a rate of one third on each January 1st, 2025, 2026 and 2027. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.