Dennis S. Hudson III - 31 Dec 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 Dec 2023
Net transactions value
-$327,575
Form type
4
Filing time
03 Jan 2024, 18:51:09 UTC
Previous filing
21 Dec 2023
Next filing
04 Mar 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 Tax liability $327,575 -11,510 -4.4% $28.46 247,718 31 Dec 2023 Direct F1, F2
holding SBCF Common Stock 3,512 31 Dec 2023 Direct F3
holding SBCF Common Stock 34,113 31 Dec 2023 Direct F4
holding SBCF Common Stock 1,862 31 Dec 2023 Direct F5
holding SBCF Common Stock 18,104 31 Dec 2023 Direct F6
holding SBCF Common Stock 9,356 31 Dec 2023 Direct F7
holding SBCF Common Stock 21,867 31 Dec 2023 Held by Spouse in Trust
holding SBCF Common Stock 51,416 31 Dec 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 Dec 2023 Common Stock 55,279 $31.15 Direct F8, F9
holding SBCF Common Stock Right to Buy 78,021 31 Dec 2023 Common Stock 78,021 $28.69 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares to cover tax withholding performance-based restricted stock units ("PSUs"), which vested December 31, 2023, total adjusted for rounding.
F2 Shares held in Trust
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 employement
F4 Represents shares held in the Company's Retirement Savings Plan as of December 31, 2023.
F5 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
F6 Shares held jointly with spouse
F7 Held in IRA
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