MURRAY RICHARD IV 4
4 · SouthState Bank Corp · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
SouthState Bank (SSB) President Richard Murray Exercises RSUs
What Happened
Richard Murray, President of SouthState Bank Corp (SSB), had 2,057 common shares issued to him on 2026-01-24 upon the vesting/conversion of time‑vested Restricted Share Units (RSUs). No cash was paid for these shares (exercise/conversion price reported as $0.00). To satisfy tax withholding obligations, 916 of those shares were withheld/disposed at $100.19 per share, resulting in approximately $91,774 in tax withholding.
Key Details
- Transaction date: 2026-01-24; filing date: 2026-01-26 (timely Form 4 filing).
- Acquired: 2,057 shares via RSU conversion (transaction code M) at $0.00 exercise price.
- Disposed/withheld: 916 shares (transaction code F) at $100.19/share, totaling ~$91,774 to cover taxes.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1—these were time‑vested RSUs granted 1/24/2023 that vested one‑third annually (2024, 2025, 2026). F2—shares were withheld to pay the tax liability in accordance with Rule 16(b)-3.
Context
This was a routine RSU vesting and tax‑withholding event, not an open‑market sale or a cash purchase. The acquisition increases the insider’s shareholdings via compensation; the withheld shares are a common administrative step to cover taxes and do not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-24+2,057→ 64,084 total - Tax Payment
Common Stock
[F2]2026-01-24$100.19/sh−916$91,774→ 63,168 total
Footnotes (2)
- [F1]Number of common shares issued pursuant to the time vested Restricted Share Units ("RSUs") vested on 1/24/2026; RSUs were awarded on 1/24/23, vesting at a rate of one third on each anniversary date of the grant in 2024, 2025 and 2026.
- [F2]Withholding of shares to pay tax liability applicable to securities issued in accordance with Rule 16(b)-3.