Director Martin Bernard Davis of SouthState Bank Corp filed a statement of changes in beneficial ownership on November 2, 2026, reporting the vesting of 1,050 restricted share units on November 1, 2026.

Key Highlights

  • Reporting person: Martin Bernard Davis, identified as a director of SouthState Bank Corp (NYSE:SSB).
  • Transaction: 1,050 shares of common stock acquired via transaction code M (conversion of derivative security) at a price of $0.00 per share on November 1, 2026.
  • RSU origin: According to the filing, the shares were issued pursuant to time-vested restricted share units granted on May 1, 2026, as part of the stock component of the annual director fees.
  • Vesting structure: The filing states the RSUs "cliff vested on 11/1/26."
  • Resulting ownership: Following the transaction, Davis directly held 10,689 shares of common stock, according to the filing.
  • Filed by attorney: The filing was signed by William E. Matthews, V, CFO, pursuant to power of attorney, on November 2, 2026.

Director Fee RSU Vesting Adds Shares to Davis's Direct Holdings

According to the filing, Martin Bernard Davis, a director of SouthState Bank Corp, received 1,050 shares of common stock on November 1, 2026, through the vesting of restricted share units originally granted on May 1, 2026. The RSUs were described in the filing as part of "the stock component of the annual director fees," reflecting a compensation practice in which SouthState Bank Corp provides a portion of its board retainer in equity form. The shares were acquired at a stated price of $0.00, consistent with a standard RSU conversion where no cash outlay is required by the recipient.

The filing indicates these RSUs carried a cliff-vesting structure, meaning the full grant vested at once on November 1, 2026, approximately six months after the original grant date. Following the vesting event, Davis's directly held position in SouthState Bank Corp common stock stood at 10,689 shares, as reported in Table I of the filing. SouthState Bank Corp, a banking institution headquartered in Winter Haven, Florida, lists its common stock on the NYSE under the ticker symbol SSB.

What Was Disclosed

The filing reported a single acquisition of 1,050 shares of SouthState Bank Corp common stock by director Martin Bernard Davis, resulting from the cliff vesting of RSUs granted as part of annual director fees. Davis's directly held share count following the transaction was 10,689 shares.