Charles M. Shaffer - Nov 8, 2023 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
Nov 8, 2023
Transactions value $
$0
Form type
4
Date filed
11/9/2023, 03:54 PM
Previous filing
Nov 2, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Options Exercise $315K +21.3K +19.92% $14.82 128K Nov 8, 2023 Direct F1
holding SBCF Common Stock 9.31K Nov 8, 2023 Direct F2
holding SBCF Common Stock 3.51K Nov 8, 2023 Direct F3
holding SBCF Common Stock 12.7K Nov 8, 2023 Direct F4
holding SBCF Common Stock 7.08K Nov 8, 2023 Direct F5
holding SBCF Common Stock 1.25K Nov 8, 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 -$315K -21.3K -100% $14.82 0 Nov 8, 2023 Common Stock 21.3K $14.82 Direct F7, F8
holding SBCF Common Stock Right to Buy 28.5K Nov 8, 2023 Common Stock 28.5K $28.69 Direct F7, F9
holding SBCF Common Stock Right to Buy 19K Nov 8, 2023 Common Stock 19K $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.