Charles M. Shaffer - Apr 1, 2024 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
Chairman, President & CEO, Director
Signature
/s/ Charles M. Shaffer
Stock symbol
SBCF
Transactions as of
Apr 1, 2024
Transactions value $
$1,125,639
Form type
4
Date filed
4/12/2024, 04:59 PM
Previous filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Tax liability -$56.1K -2.27K -100% $24.76 0 Apr 1, 2024 Direct F1
transaction SBCF Common Stock Tax liability -$8.62K -348 -16.34% $24.76 1.78K Apr 1, 2024 Direct F2
transaction SBCF Common Stock Tax liability -$23K -928 -9.84% $24.76 8.51K Apr 1, 2024 Direct F3
transaction SBCF Common Stock Award $1.21M +49K $24.76 49K Apr 1, 2024 Direct F4
holding SBCF Common Stock 147K Apr 1, 2024 Direct
holding SBCF Common Stock 7.56K Apr 1, 2024 Direct F5
holding SBCF Common Stock 1.31K Apr 1, 2024 Direct F6

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 28.5K Apr 1, 2024 Common Stock 28.5K $28.69 Direct F7, F8
holding SBCF Common Stock Right to Buy 19K Apr 1, 2024 Common Stock 19K $31.15 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an unvested time-based restricted stock award granted on April 1, 2021, which shall vest over 3 years in one-third increments, beginning April 1, 2022, and on each anniversary thereafter, subject to continued employment.
F2 Represents an unvested time-based restricted stock award granted on April 1, 2022, which shall vest over 3 years in one-third increments, beginning April 1, 2023, and on each anniversary thereafter, subject to continued employment.
F3 Represents an unvested time-based restricted stock award granted on April 1, 2023, which shall vest over 3 years in one-third increments, beginning April 1, 2024, and on each anniversary thereafter, subject to continued employment.
F4 Represents an unvested time-based restricted stock award granted on April 1, 2024, which shall vest over 3 years in one-third increments, beginning April 1, 2025, and on each anniversary thereafter, subject to continued employment.
F5 Shares in the Company's Employee Stock Purchase Plan, as of March 31, 2024.
F6 Share equivalents held in Company's Retirement Savings Plan as of March 31, 2024.
F7 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
F8 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.