MURRAY RICHARD IV 4

What Happened Richard Murray IV, President of SouthState Bank Corp (SSB), was granted 10,297 restricted/performance share units on January 20, 2026. The grant consisted of 6,178 performance share units (PSUs) valued at $598,525 and 4,119 time‑vested restricted share units (RSUs) valued at $399,049, using a per‑unit grant valuation of $96.88. These are awards (transaction code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-01-20; Filing date: 2026-01-26 (filing delayed for administrative reasons).
• Awards: 6,178 PSUs @ $96.88 = $598,525; 4,119 RSUs @ $96.88 = $399,049; total 10,297 units; total grant value ≈ $997,574.
• Vesting: PSUs vest (if performance goals met) after the 3‑year performance period ending 12/31/2028 (exchangeable 1:1 for common stock after vesting). RSUs vest one‑third on each 1/1/2027, 1/1/2028 and 1/1/2029 (exchangeable 1:1 after vesting). (Footnotes F1 and F2)
• Shares owned after transaction: not disclosed in this filing.
• Timeliness: Filing reports a late filing due to administrative delay (transactionTimeliness = L).

Context These grants are compensation awards (derivative units convertible to common stock upon vesting), not immediate buys or sales, so they don't reflect an immediate market transaction. PSUs depend on future performance metrics; RSUs are time‑based, so value will realize only as the awards vest and convert to shares.