Dennis S. Hudson III - Mar 1, 2023 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
Director
Signature
/s/ Dennis S. Hudson, III
Stock symbol
SBCF
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 05:54 PM
Previous filing
Feb 6, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Award $0 +32.3K +20.09% $0.00 193K Mar 1, 2023 Direct F1, F2
holding SBCF Common Stock 21.9K Mar 1, 2023 Held by Spouse in Trust
holding SBCF Common Stock 3.82K Mar 1, 2023 Direct F3
holding SBCF Common Stock 3.67K Mar 1, 2023 Direct F4
holding SBCF Common Stock 5.24K Mar 1, 2023 Direct F5
holding SBCF Common Stock 9.36K Mar 1, 2023 Direct F6
holding SBCF Common Stock 31.4K Mar 1, 2023 Direct F7
holding SBCF Common Stock 18.1K Mar 1, 2023 Direct F8
holding SBCF Common Stock 51.4K Mar 1, 2023 Held by Sherwood Partners, Ltd, family partnership

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 55.3K Mar 1, 2023 Common Stock 55.3K $31.15 Direct F9, F10
holding SBCF Common Stock Right to Buy 78K Mar 1, 2023 Common Stock 78K $28.69 Direct F9, F11
holding SBCF Common Stock Right to Buy 52K Mar 1, 2023 Common Stock 52K $14.82 Direct F9, F12
holding SBCF Common Stock Right to Buy 50K Mar 1, 2023 Common Stock 50K $10.54 Direct F9
holding SBCF Common Stock Right to Buy 19.4K Mar 1, 2023 Common Stock 19.4K $11.00 Direct F9
* 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, 2020 that were subject to performance requirements which were attained over a period ending December 31, 2022. On March 1, 2023, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria, which will vest December 31, 2023, provided the recipient remains in continuous service with the Company on the vesting date.
F2 Shares held in Trust
F3 Represents an unvested time-based restricted stock award granted on April 1, 2020, which shall vest over 3 years in one-third increments, beginning April 1, 2021, and on each anniversary thereafter, subject to continued employment.
F4 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.
F5 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.
F6 Held in IRA
F7 Represents shares held in the Company's Retirement Savings Plan as of December 31, 2022
F8 Shares held jointly with spouse
F9 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
F10 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.
F11 Originally had two tiered vesting. The performance criteria was met and the time-based vesting began on 12/1/2016. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.
F12 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 continued employment.