YOUNG STEPHEN DEAN 4

What Happened
Stephen Young, Chief Strategy Officer of SouthState Bank (SSB), was granted two equity awards on January 20, 2026: 7,886 performance share units (PSUs) valued at $96.88 each (total ≈ $763,996) and 5,257 time‑vested restricted share units (RSUs) at $96.88 each (total ≈ $509,298). Both line items are reported as awards (transaction code A) and are recorded as derivative securities that convert into common stock on a 1-for-1 basis after vesting.

Key Details

• Transaction date: 2026-01-20; filing date: 2026-01-26 (late filing due to administrative delay).
• Grant price/reference value: $96.88 per unit.
• Award totals: 7,886 PSUs ($763,996) + 5,257 RSUs ($509,298) ≈ $1,273,294 combined.
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 — PSUs awarded at target; vesting tied to a 3‑year performance period ending 12/31/2028 and exchangeable 1:1 for common stock after vesting. F2 — RSUs time‑vest one‑third on each Jan 1 of 2027, 2028 and 2029 and convert 1:1 to common stock after vesting.
• Transaction type: Award/Grant (A); reported as derivative securities.
• Timeliness: Filing flagged as late (timing attributed to an administrative delay).

Context
These awards are compensation grants, not open‑market purchases or sales. PSUs are performance‑contingent and will only convert to shares if performance goals are met after the 3‑year period; RSUs vest over time. Because the units are derivative awards that convert to common stock only after vesting, they do not represent immediately tradable shares and should be interpreted as part of executive compensation rather than a direct market signal.