Corbett John C 4

What Happened John C. Corbett, President and Chief Executive Officer and a director of SouthState Bank Corp (SSB), was granted two equity awards on January 20, 2026: 21,412 Performance Share Units (PSUs) valued at $96.88 each ($2,074,395) and 14,275 time‑vested Restricted Share Units (RSUs) valued at $96.88 each ($1,382,962). Both awards are derivative (not open‑market purchases or sales) and represent compensation rather than an immediate buy or sell of shares.

Key Details

• Transaction date: 2026-01-20; Form 4 filed 2026-01-26 (filing delay noted).
• Awards:
  • 21,412 PSUs @ $96.88 each = $2,074,395 (derivative; "at target" PSUs).
  • 14,275 RSUs @ $96.88 each = $1,382,962 (derivative).
  • Combined value ≈ $3,457,357.
• Vesting / conversion:
  • PSUs: Performance period ends 12/31/2028; units exchangeable 1-for-1 for common stock after vesting (F1). PSU payout may vary with performance; the number shown is the target amount.
  • RSUs: Time‑vested; vest one‑third on Jan 1 of 2027, 2028 and 2029; exchangeable 1-for-1 for common stock after vesting (F2).
• Shares owned after the transaction: not specified in the provided filing extract.
• Filing timeliness: The Form 4 states the late filing was due to an administrative delay.

Context These awards are compensation tools (performance- and time-based equity) that convert into common shares if vesting conditions are met; they are not immediate purchases or sales and should be viewed as part of executive pay. The PSU award is performance-contingent (payout may be above or below target depending on results), while the RSUs vest over three years. The late filing is reported as administrative; retail investors should note the grant date (1/20/2026) is the economic event date.