Idell Jennifer 4

What Happened Jennifer Idell, Chief Administrative Officer of SouthState Bank Corp (SSB), had 2,472 common shares issued on 2026-02-20 upon the vesting/conversion of performance share units (PSUs). The shares were issued at no exercise price; the gross value of the issuance was about $260,648 (2,472 × $105.44). To satisfy tax withholding, 665 shares were withheld (disposed) at $105.44 each for approximately $70,118, leaving a net 1,807 shares retained by Idell (net value ≈ $190,530).

Key Details

• Transaction date: 2026-02-20; Form 4 filed 2026-02-23 (timely within the 2-business-day requirement).
• Issuance (code M): 2,472 shares issued upon PSU vesting; price shown $0.00 (conversion of award).
• Tax withholding (code F): 665 shares withheld/disposed at $105.44 each = $70,118 to cover tax liability.
• Net shares retained from this vesting: 1,807 shares (2,472 − 665).
• Footnotes: PSUs were awarded 1/24/2023 and vested after the 3-year performance period ending 12/31/2025 (F1). Withholding of shares was to pay applicable tax liability under Rule 16b-3 (F2).
• Filing timeliness: Report filed 3 days after the transaction date but within the SEC’s two-business-day filing window (timely).

Context This was a vested equity award converting PSUs to common stock (derivative conversion), not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is a routine administrative step and does not by itself indicate a change in trading intent. Purchases by insiders are generally more informative about bullish sentiment; this filing documents compensation-related issuance and standard tax withholding.