BROOKS RENEE R 4
4 · SouthState Bank Corp · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
SouthState (SSB) COO Renee R. Brooks Receives Equity Award
What Happened
Renee R. Brooks, Chief Operating Officer of SouthState Bank Corp (SSB), was granted two equity awards on January 20, 2026: 4,817 performance share units (PSUs) valued at $96.88 each ($466,671) and 3,211 time‑vested restricted share units (RSUs) valued at $96.88 each ($311,082), for a combined grant of 8,028 units worth roughly $777,753. These were awards (grant, code "A" on the Form 4), not open‑market purchases or sales.
Key Details
- Transaction date and price: 2026-01-20 at $96.88 per unit.
- Awards: 4,817 PSUs (F1) and 3,211 RSUs (F2), total 8,028 units; combined value ≈ $777,753.
- Vesting/settlement: PSUs vest based on performance after the 3-year period ending 12/31/2028 and convert 1-for-1 to common stock after vesting; RSUs vest one‑third on Jan 1 of 2027, 2028 and 2029 and convert 1-for-1 to common stock after vesting.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: the Form 4 was filed 2026-01-26 for a 2026-01-20 transaction; the filing notes an administrative delay (late filing).
Context
These grants are compensation awards (performance and time‑based equity) that convert to common shares only if vesting conditions are met — they are derivative awards, not immediate purchases. Such awards are common for executives and reflect compensation design rather than an immediate market bet; late filing reduces near‑term disclosure transparency but the filing discloses the awards and vesting terms.
Insider Transaction Report
- Award
Performance Share Units
[F1]2026-01-20$96.88/sh+4,817$466,671→ 17,198 totalExercise: $96.88Exp: 2028-12-31→ Common Stock (4,817 underlying) - Award
Restricted Share Units
[F2]2026-01-20$96.88/sh+3,211$311,082→ 5,989 totalExercise: $96.88Exp: 2029-01-01→ Common Stock (3,211 underlying)
Footnotes (2)
- [F1]Number of Performance Share Units ("PSUs") at target awarded on 1/20/26. The awards will vest following the 3-year performance period ending December 31, 2028. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.
- [F2]Number of time-vested Restricted Share Units ("RSUs") awarded on 1/20/26. The awards will vest at a rate of one third on each January 1st, 2027, 2028 and 2029. The units are exchangeable with the Company's common stock at the exchange rate of 1 for 1 after the vesting date.