DeSimone Beth S 4

What Happened
Beth S. DeSimone, Chief Risk Officer and General Counsel of SouthState Bank Corp (SSB), was granted two equity awards on January 20, 2026: 2,915 performance share units (PSUs) and 1,944 time‑vested restricted share units (RSUs). Both awards were recorded at $96.88 per unit for total grant values of $282,405 (PSUs) and $188,335 (RSUs), or roughly $470,740 combined. These are derivative awards (not immediate stock transfers) that convert to common shares at a 1:1 exchange rate after vesting.

Key Details

• Transaction date: 2026-01-20; reported on Form 4 filed 2026-01-26 (timeliness flagged as late due to an administrative delay).
• Transaction code: A = Award/Grant (derivative securities: PSUs and RSUs).
• Units granted: 2,915 PSUs and 1,944 RSUs (total 4,859 units).
• Grant price used for reporting: $96.88 per unit; totals $282,405 (PSUs) and $188,335 (RSUs).
• Vesting: PSUs vest based on performance after the 3‑year performance period ending 12/31/2028; RSUs vest one‑third on each Jan 1 of 2027, 2028 and 2029. Units convert 1:1 to common stock after applicable vesting.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Late filing noted; the form states the delay was administrative.

Context
These awards are compensation-related equity grants, not open‑market purchases or sales. As derivative awards, they represent a future right to receive common stock if vesting conditions are met and do not reflect an immediate buy/sell signal. The late filing does not change the nature of the awards but means the market and investors received the disclosure several days after the grant date.