ARANA SARA 4

What Happened

• Sara Arana, Chief Accounting Officer of SouthState Bank Corp (SSB), was granted two equity awards on 2026-01-20 totaling 705 share-equivalent units: 423 performance share units (PSUs) valued at $40,980 and 282 time-vested restricted share units (RSUs) valued at $27,320. Each unit was priced for reporting at $96.88 (total value ≈ $68,300). These are awards (transaction code A) and are derivative units, not immediate common-stock transfers.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-26 (late filing due to administrative delay).
• Units and reported values: 423 PSUs @ $96.88 = $40,980; 282 RSUs @ $96.88 = $27,320; total = 705 units, ≈ $68,300.
• Vesting/conversion:
  • PSUs (F1): Awarded at target on 1/20/2026; vest following the 3-year performance period ending 12/31/2028; exchangeable 1-for-1 for common stock after vesting.
  • RSUs (F2): Time-vested RSUs vest one-third on each Jan 1 of 2027, 2028 and 2029; exchangeable 1-for-1 for common stock after vesting.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Filing timeliness: Marked late (filing delayed for administrative reasons). Late filings should be corrected but do not change the underlying awards.

Context

• These grants are awards, not open-market purchases or sales — they represent future potential shares subject to vesting and (for PSUs) performance conditions. Such awards are routine components of executive compensation and do not by themselves indicate immediate buying or selling of company stock.