MATTHEWS WILLIAM E V 4
4 · SouthState Bank Corp · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
SouthState (SSB) CFO William Matthews Receives Equity Awards
What Happened
William E.V. Matthews, Chief Financial Officer of SouthState Bank Corp (SSB), was granted two equity awards on January 20, 2026: 6,071 performance share units (PSUs) valued at $96.88 each ($588,158) and 4,047 time‑vested restricted share units (RSUs) valued at $96.88 each ($392,073). These are derivative awards (not open‑market purchases or sales) and total approximately $980,231 in grant value.
Key Details
- Transaction date: 2026-01-20; Transaction code: A (award/grant).
- PSUs: 6,071 units × $96.88 = $588,158; vest based on a 3‑year performance period ending 12/31/2028; exchangeable 1:1 for common stock after vesting (Footnote F1).
- RSUs: 4,047 units × $96.88 = $392,073; time‑vested, vest one‑third on each Jan 1 of 2027, 2028, and 2029; exchangeable 1:1 for common stock after vesting (Footnote F2).
- Shares owned after the transaction: not specified in this filing.
- Filing timeliness: marked late; filing delay attributed to an administrative delay (remarks). TransactionTimeliness = 'L'.
Context
These awards are compensation grants subject to vesting (performance and time‑based) and do not represent immediate share purchases or sales. For retail investors, awards can indicate standard executive compensation alignment with long‑term performance but do not by themselves signal immediate insider buying or selling.
Insider Transaction Report
- Award
Performance Share Units
[F1]2026-01-20$96.88/sh+6,071$588,158→ 22,061 totalExercise: $96.88Exp: 2028-12-31→ Common Stock (6,071 underlying) - Award
Restricted Share Units
[F2]2026-01-20$96.88/sh+4,047$392,073→ 7,587 totalExercise: $96.88Exp: 2029-01-01→ Common Stock (4,047 underlying)
Footnotes (2)
- [F1]Number of Performance Share Units ("PSUs") at target awarded on 1/20/26. The awards will vest following the 3-year performance period ending December 31, 2028. 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 1/20/26. The awards will vest at a rate of one third on each January 1st, 2027, 2028 and 2029. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.