BOCKHORST DANIEL E 4

What Happened

• Daniel E. Bockhorst, Chief Credit Officer of SouthState Bank Corp (SSB), had 2,834 shares issued on 2026-02-20 upon conversion/vesting of performance-based equity (reported under transaction code M). The shares were issued at $0.00 as they vested. To cover tax withholding (transaction code F), 42 of those shares were surrendered at $105.44 each, totaling $4,428. Net shares delivered to Bockhorst were 2,792 (2,834 issued less 42 withheld).

Key Details

• Transaction date: 2026-02-20. Filing date: 2026-02-23 (filed within the Form 4 two-business-day window).
• Issued: 2,834 shares at $0.00 (conversion/vesting of PSUs; code M). Withheld: 42 shares at $105.44 each for taxes (code F), $4,428 total.
• Net shares received: 2,792 (2,834 − 42).
• Footnotes: F1—these shares were issued pursuant to Performance Share Units (PSUs) awarded 1/24/2023 that vested after the 3‑year performance period ending 12/31/2025. F2—shares were withheld to satisfy tax withholding obligations.
• Shares owned after the transaction: not reported in the supplied filing details.

Context

• This was a vesting/conversion of performance-based equity (PSUs), not an open-market purchase or discretionary sale. The withholding of 42 shares to cover taxes is a routine administrative action and does not, by itself, indicate a market-directional trade.