PAGE G RUFFNER JR 4
Research Summary
AI-generated summary
SouthState (SSB) Director Page G. Ruffner Jr Receives 260-Share Award
What Happened
Page G. Ruffner Jr, a director of SouthState Bank Corp (SSB), was issued 260 shares of common stock (transaction code A) on 2026-05-04 at $96.46 per share, valued at approximately $25,080. This was an award/acquisition of newly issued shares (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-05-04; filing date: 2026-05-05 (timely filing).
- Type: Award/Grant (code A); 260 shares acquired at $96.46 per share; total value ~$25,080.
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Footnote: Common stock issued to the reporting director in lieu of a quarterly cash retainer payment.
- No indication of a trading plan (e.g., 10b5-1) or tax-withholding reported in this filing.
Context
Awards issued in lieu of cash retainers are routine director compensation and do not represent an open-market purchase (which some investors view as a stronger bullish signal). This is a small, routine compensation issuance rather than a directional trade by the insider.