Sasse Benjamin E 4
4 · SouthState Bank Corp · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
SouthState Bank (SSB) Director Benjamin E. Sasse Receives RSU Award
What Happened
- Benjamin E. Sasse, a director of SouthState Bank Corp (SSB), received an award of 1,050 restricted share units (RSUs) on 2026-05-01. The RSUs were recorded at $97.48 per share for a total grant value of $102,354. This transaction is reported as an award/grant (transaction code A) and as a derivative security.
Key Details
- Transaction date: 2026-05-01; Grant price/fair value: $97.48 per share; Total value: $102,354.
- Transaction type: Award of time‑vested RSUs (derivative), not an open‑market purchase or sale.
- Vesting: Footnote states these RSUs cliff vest on 2026-11-01 (no immediate conversion to common shares at grant).
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed 2026-05-04 for a 2026-05-01 grant — filed within the typical reporting window.
Context
- RSU awards are compensation, not purchases; they convert to common shares only upon vesting (here, cliff vesting on 11/01/2026), so this grant does not reflect an immediate cash investment or sale by the director.
- For retail investors, awards indicate company compensation practices and expected future share issuance upon vesting; they are not direct signals of buying or selling by the insider.
Insider Transaction Report
Form 4
Sasse Benjamin E
Director
Transactions
- Award
Restricted Share Units
[F1]2026-05-01$97.48/sh+1,050$102,354→ 1,678 totalExercise: $97.48Exp: 2026-11-01→ Common Stock (1,050 underlying)
Footnotes (1)
- [F1]Number of common shares issued pursuant to the time vested Restricted Share Units ("RSUs") granted on 5/1/2026 as part of the stock component of the annual director fees. These RSUs cliff vested on 11/1/2026.
Signature
William E. Matthews, V, CFO, pursuant to power of attorney|2026-05-04