PAGE G RUFFNER JR 4
Research Summary
AI-generated summary
SouthState Bank (SSB) Director Page G. Ruffner Jr Receives Award
What Happened
- Page G. Ruffner Jr, a director of SouthState Bank Corp (SSB), was granted 1,050 restricted stock units (RSUs) on 2026-05-01. The award is valued at $97.48 per share, for a total grant value of $102,354. This was an equity award (grant), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-01; reported on Form 4 filed 2026-05-04 (timely filing).
- Price/value: $97.48 per share; total reported value $102,354.
- Shares owned after transaction: Not specified in the filing.
- Footnote: F1 — These 1,050 common shares were issued as time-vested RSUs granted 5/1/2026 as part of the stock component of annual director fees. The RSUs cliff vest on 11/1/2026.
- Transaction type: Code A (award/grant); recorded as derivative securities (RSUs) until vesting.
Context
- RSUs are restricted awards that convert to common shares only upon vesting; because these cliff vest on 11/1/2026, they do not represent immediately tradable shares. This grant is a routine form of director compensation and should not be interpreted as an open-market buy or sell.