Dennis S. Hudson III - Dec 19, 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
Dec 19, 2023
Transactions value $
-$509,889
Form type
4
Date filed
12/21/2023, 05:55 PM
Previous filing
Aug 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 $770K +52K +23.7% $14.82 271K Dec 19, 2023 Direct F1
transaction SBCF Common Stock Tax liability -$1.05M -36.1K -13.31% $29.17 235K Dec 19, 2023 Direct F1, F2
transaction SBCF Common Stock Options Exercise $527K +50K +21.27% $10.54 285K Dec 19, 2023 Direct F1
transaction SBCF Common Stock Tax liability -$754K -25.8K -9.07% $29.17 259K Dec 19, 2023 Direct F1, F3
holding SBCF Common Stock 1.86K Dec 19, 2023 Direct F4
holding SBCF Common Stock 3.51K Dec 19, 2023 Direct F5
holding SBCF Common Stock 9.36K Dec 19, 2023 Direct F6
holding SBCF Common Stock 18.1K Dec 19, 2023 Direct F7
holding SBCF Common Stock 32.2K Dec 19, 2023 Direct F8
holding SBCF Common Stock 21.9K Dec 19, 2023 Held by Spouse in Trust
holding SBCF Common Stock 51.4K Dec 19, 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
transaction SBCF Common Stock Right to Buy Options Exercise $0 -52K -100% $0.00* 0 Dec 19, 2023 Common Stock 52K $14.82 Direct F9, F10
transaction SBCF Common Stock Right to Buy Options Exercise $0 -50K -100% $0.00* 0 Dec 19, 2023 Common Stock 50K $10.54 Direct F11, F12
holding SBCF Common Stock Right to Buy 55.3K Dec 19, 2023 Common Stock 55.3K $31.15 Direct F9, F13
holding SBCF Common Stock Right to Buy 78K Dec 19, 2023 Common Stock 78K $28.69 Direct F13, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held in Trust.
F2 The reporting person exercised 51,956 options as part of a cashless exercise whereby 36,101 shares were exchanged as payment for such options and applicable tax withholding, netting 15,855 shares.
F3 The reporting person exercised 50,000 options as part of a cashless exercise whereby 25,842 shares were exchanged as payment for such options and applicable tax withholding, netting 24,158 shares.
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 Shares held jointly with spouse.
F8 Represents shares held in the Company's Retirement Savings Plan as of September 30, 2023.
F9 Granted pursuant to Company's 2013 Incentive Plan.
F10 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.
F11 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
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.
F13 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.
F14 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan