Sasse Benjamin E, a director at SouthState Bank Corp, has reported the acquisition of additional shares in the company. This transaction is significant as it reflects ongoing adjustments in executive compensation structures within the banking sector.

According to the recent SEC filing, dated November 2, 2026, Sasse acquired 1,050 shares of common stock on November 1, 2026. Following this transaction, his total ownership in SouthState Bank Corp increased to 1,678 shares. The filing indicates that these shares were issued pursuant to time-vested Restricted Share Units (RSUs) that were granted as part of the annual director fees.

Background

SouthState Bank Corp, identified under the SEC Central Index Key 0000764038, is a financial institution incorporated in Florida. The company operates within the state commercial banks sector, classified under the SIC code 6022. The recent filing is part of a series of disclosures, with the most recent prior filing occurring on July 23, 2026.

What the Filing Says

The SEC filing details that Sasse Benjamin E acquired 1,050 shares, which were part of the RSUs that cliff vested on November 1, 2026. The filing states, "Number of common shares issued pursuant to the time vested Restricted Share Units granted on 5/1/2026 as part of the stock component of the annual director fees." This indicates a structured approach to compensating directors, linking their remuneration to the company's performance over time.

Impact

This acquisition may affect various stakeholders, including shareholders and potential investors, as it demonstrates the alignment of executive compensation with company performance. As SouthState Bank continues to evolve its compensation practices, it may encourage other banks in the industry to reassess their own approaches to executive pay.

What's Next

The filing does not say what happens next.