Juliette Kleffel - Feb 29, 2024 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
EVP, Chief Banking Officer
Signature
/s/ Kathy L. Hsu as Power of Attorney for Juliette Kleffel
Stock symbol
SBCF
Transactions as of
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 05:30 PM
Previous filing
Apr 5, 2023
Next filing
Apr 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Award $0 +5.77K +13.29% $0.00 49.2K Feb 29, 2024 Direct F1
holding SBCF Common Stock 640 Feb 29, 2024 Direct F2
holding SBCF Common Stock 1.46K Feb 29, 2024 Direct F3
holding SBCF Common Stock 5.29K Feb 29, 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SBCF Common Stock Right to Buy 12.6K Feb 29, 2024 Common Stock 12.6K $31.15 Direct F5, F6
holding SBCF Common Stock Right to Buy 14.8K Feb 29, 2024 Common Stock 14.8K $28.69 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares subject to performance based restricted stock units ("PSUs") granted on April 1, 2021, that were subject to performance requirements which were attained over a period ending December 31, 2023. On February 29, 2024, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria, which will vest on December 31, 2024, provided the recipient remains in continuous service with the Company on the vesting date.
F2 Represents an unvested time-based restricted stock award granted on April 1, 2021, which shall vest over 3 years in one-third increments , beginning on April 1, 2022, and on each anniversary thereafter, subject to continued employment.
F3 Represents an unvested time-based restricted stock award granted on April 1, 2022, which shall vest over 3 years in one-third increments , beginning on April 1, 2023, and on each anniversary thereafter, subject to continued employment.
F4 Represents an unvested time-based restricted stock award granted on April 1, 2023, which shall vest over 3 years in one-third increments , beginning on April 1, 2024, and on each anniversary thereafter, subject to continued employment.
F5 Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan.
F6 Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.