Former Chairman and Chief Executive Officer · Southern States Bancshares, Inc. (SSBK)

Stephen Whatley

A named executive officer of Southern States Bancshares in every fiscal year CompBrief holds from FY2021 to FY2023. Every figure below is printed as the company filed it and cited to the filing it came from.

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Total disclosed compensation, FY2023

$2,215,004

FY2022: $1,855,950

1st of 4 named executive officers at Southern States Bancshares by FY2023 total.

4 named officers on file for Southern States Bancshares, FY2023

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Compensation figures as of the proxy filed March 22, 2024 (DEF 14A).

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Stephen Whatley compensation by year

Southern States Bancshares Summary Compensation Table · all 3 fiscal years held
In US dollars, as Southern States Bancshares reports it. Most recent year shaded. Totals are the company’s disclosed totals.
ComponentFY2021FY2022FY2023
Salary$500,000$517,500$185,625
Bonus$77,500$132,500$0
Stock awards$75,000$800,092$77,631
Option awards$75,000$75,000$77,631
Non-equity incentive$250,000$294,630$0
Pension and deferred compensation$0$0$0
All other$36,422$36,228$1,874,118
Total$1,013,922$1,855,950$2,215,004

Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Southern States Bancshares, Inc. DEF 14A filed March 22, 2024, accession 0001628280-24-012666, and prior-year filings.

How this page was built: the Southern States Bancshares, Inc. filed document, accession 0001628280-24-012666. Every figure is read from that document and cited to the page and table it appears in. Filed March 22, 2024.

$1.0M
$1.9M
$2.2M
FY21
FY22
FY23
SalaryBonusNon-equity incentiveStock awardsOption awardsAll other

Equity holdings

unvested awards at FY2022 year-end
TypeUnvested unitsValue at year-endExercise price
RSU23,949$693,324—
Option6,079—$20.10
Option4,850—$20.03
Option6,014—$20.61

Per the Outstanding Equity Awards at Fiscal Year-End table in Southern States Bancshares, Inc.'s FY2022 proxy; value at the fiscal year-end close, as the company printed it.

Southern States Bancshares’s named executive officers, FY2023

as the company reported each
Named executive officerRoleFY2023 total
Stephen Whatley · this pageFormer Chairman and Chief Executive Officer$2,215,004
Mark ChambersChief Executive Officer and President$944,425
Lynn JoyceSenior Executive Vice President and Chief Financial Officer$690,941
Greg SmithSenior Executive Vice President and Chief Risk Officer$685,211

Stephen Whatley's compensation dossier, Southern States Bancshares

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The full Southern States Bancshares compensation record

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How this record is built

Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Southern States Bancshares's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.

Stephen Whatley's compensation dossier