John C. Corbett has been leading SouthState Corporation as CEO since June 2020. His background is rooted in banking, with a Bachelor's degree from Florida State University. Under Corbett's leadership, SouthState has seen impressive financial growth, earning $496 million in...

Number of Employees

5.18K

Year

2023

Total Compensation

$5.31M

Salary

$1.04M

Board Justification

The compensation philosophy emphasizes performance-based pay that aligns with company performance and shareholder interests, focusing on soundness, profitability, and growth.

Bonus

$1.33M

Board Justification

The bonus is based on the Annual Incentive Plan (AIP) which is tied to performance metrics including adjusted pre-tax pre-provision net revenue and non-performing assets to loans ratio.

Other

$51.75K

Board Justification

Other compensation includes 401(k) matching contributions, life insurance premiums, and other cash benefits.

Restricted Stock

$2.89M(41.96K RSU)

Board Justification

The stock awards that vested in 2023 were primarily performance share units (PSUs) based on the achievement of specified performance goals over a three-year period.

Performance Metrics

The performance metrics for determining compensation include adjusted pre-tax pre-provision net revenue and non-performing assets to loans ratio.

SEC Filing

From March 8, 2024