BOCKHORST DANIEL E 4

What Happened

• Daniel E. Bockhorst, Chief Credit Officer of SouthState Bank Corp (SSB), was granted two equity awards on 2026-01-20: 2,519 performance share units (PSUs) valued at $96.88 each ($244,041) and 1,680 time‑vested restricted share units (RSUs) at $96.88 each ($162,758). The combined grant value reported is $406,799.
• These were awards (code A) — not open‑market purchases or sales — and are recorded as derivative awards that convert to common stock on a 1-for-1 basis after vesting.

Key Details

• Transaction date and price: 2026-01-20 at $96.88 per unit.
• Award amounts: 2,519 PSUs (F1) and 1,680 RSUs (F2); total reported value $406,799.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: PSUs awarded at target; vesting contingent on performance over a three‑year period ending 12/31/2028; convertible 1-for-1 after vesting.
  • F2: RSUs vest one‑third on each Jan 1 of 2027, 2028 and 2029; convertible 1-for-1 after vesting.
• Timeliness: Filing was delayed due to an administrative issue (filing marked late). Late filings reduce the immediacy of disclosure but do not change the nature of the award.

Context

• These are compensation awards (derivative grants) rather than cash purchases or sales. PSUs depend on future performance metrics before conversion to shares; RSUs vest over time. Such awards are common for aligning executive incentives with shareholder performance and do not by themselves indicate the insider bought or sold shares.