Cofield Ronald M., a director at SouthState Bank Corp, has reported the acquisition of 1,050 shares of the bank's common stock. This acquisition is part of his compensation package as a director, which includes Restricted Share Units (RSUs) that vested on November 1, 2026. This event is significant as it highlights the alignment of director compensation with shareholder interests in the banking sector.

Background

SouthState Bank Corp, identified by the Central Index Key (CIK) 0000764038, operates in the state commercial banks industry. The company is incorporated in Florida and has undergone several name changes in its history, with the most recent being in September 2021. The bank's fiscal year ends on December 31, and it has a business address at 1101 First Street South, Suite 202, Winter Haven, FL.

What the Filing Says

According to the recent filing (accession number 0001915495-26-000003), Cofield's transaction occurred on November 1, 2026. The shares were acquired as part of the stock component of his annual director fees. The filing notes, "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 11/1/26." Following this transaction, Cofield holds a total of 6,296 shares in SouthState Bank Corp.

Impact

This acquisition may have implications for SouthState Bank's governance and compensation practices. By aligning director compensation with stock ownership, the bank may enhance its commitment to shareholder value. Other directors and executives in the banking industry may also take note of this strategy as they consider their own compensation structures.

What's Next

The filing does not say what happens next.