Dennis S. Hudson III - 31 Jul 2023 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role: Director
Signature: /s/ Dennis S. Hudson, III
Issuer symbol: SBCF
Transactions as of: 31 Jul 2023
Net transactions value: +$62,492
Form type: 4
Filing time: 02 Aug 2023, 21:14:59 UTC
Previous filing: 16 Jun 2023
Next filing: 21 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBCF	Common Stock	Award	$62,492	+2,529	+1.2%	$24.71	219,208	31 Jul 2023	Direct	F1, F2
holding	SBCF	Common Stock						1,862	31 Jul 2023	Direct	F3
holding	SBCF	Common Stock						3,512	31 Jul 2023	Direct	F4
holding	SBCF	Common Stock						9,356	31 Jul 2023	Direct	F5
holding	SBCF	Common Stock						18,104	31 Jul 2023	Direct	F6
holding	SBCF	Common Stock						31,603	31 Jul 2023	Direct	F7
holding	SBCF	Common Stock						21,867	31 Jul 2023	Held by Spouse in Trust
holding	SBCF	Common Stock						51,416	31 Jul 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						55,279	31 Jul 2023	Common Stock	55,279	$31.15	Direct	F8, F9
holding	SBCF	Common Stock Right to Buy						51,956	31 Jul 2023	Common Stock	51,956	$14.82	Direct	F10, F11
holding	SBCF	Common Stock Right to Buy						50,000	31 Jul 2023	Common Stock	50,000	$10.54	Direct	F10, F12

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Stock issued from Seacoast's 2021 Investment Plan for Board service in 2023
F2	Shares held in Trust
F3	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 employement
F4	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 employement
F5	Held in IRA
F6	Shares held jointly with spouse
F7	Represents shares held in the Company's Retirement Savings Plan as of March 31, 2023
F8	Granted pursuant to Company's 2013 Incentive Plan
F9	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.
F10	Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
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.