Charles M. Shaffer - 08 Nov 2023 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role: Chairman, President & CEO, Director
Signature: /s/ Charles M. Shaffer
Issuer symbol: SBCF
Transactions as of: 08 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 09 Nov 2023, 15:54:36 UTC
Previous filing: 02 Nov 2023
Next filing: 03 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBCF	Common Stock	Options Exercise	$314,999	+21,255	+20%	$14.82	127,961	08 Nov 2023	Direct	F1
holding	SBCF	Common Stock						9,310	08 Nov 2023	Direct	F2
holding	SBCF	Common Stock						3,512	08 Nov 2023	Direct	F3
holding	SBCF	Common Stock						12,696	08 Nov 2023	Direct	F4
holding	SBCF	Common Stock						7,075	08 Nov 2023	Direct	F5
holding	SBCF	Common Stock						1,254	08 Nov 2023	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
transaction	SBCF	Common Stock Right to Buy	Options Exercise	$314,999	-21,255	-100%	$14.82	0	08 Nov 2023	Common Stock	21,255	$14.82	Direct	F7, F8
holding	SBCF	Common Stock Right to Buy						28,544	08 Nov 2023	Common Stock	28,544	$28.69	Direct	F7, F9
holding	SBCF	Common Stock Right to Buy						18,952	08 Nov 2023	Common Stock	18,952	$31.15	Direct	F7, F9

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

Explanation of Responses:

Id	Content
F1	Cash exercise of in the money option, the market price on the date of exercise was $21.98.
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 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 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 April 1, 2024, and on each anniversary thereafter, subject to continued employment.
F5	Shares in the Company's Employee Stock Purchase Plan.
F6	Share equivalents held in Company's Retirement Savings Plan as of September 30, 2023.
F7	Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
F8	Originally has two tiered vesting. Performance criteria was met, and 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.
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.