Charles M. Shaffer - 31 Dec 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: 31 Dec 2023
Net transactions value: -$134,986
Form type: 4
Filing time: 03 Jan 2024, 18:53:49 UTC
Previous filing: 09 Nov 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	$134,986	-4,743	-3.7%	$28.46	123,220	31 Dec 2023	Direct	F1
holding	SBCF	Common Stock						3,512	31 Dec 2023	Direct	F2
holding	SBCF	Common Stock						9,310	31 Dec 2023	Direct	F3
holding	SBCF	Common Stock						7,075	31 Dec 2023	Direct	F4
holding	SBCF	Common Stock						12,696	31 Dec 2023	Direct	F5
holding	SBCF	Common Stock						1,325	31 Dec 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
holding	SBCF	Common Stock Right to Buy						28,544	31 Dec 2023	Common Stock	28,544	$28.69	Direct	F7, F8
holding	SBCF	Common Stock Right to Buy						18,952	31 Dec 2023	Common Stock	18,952	$31.15	Direct	F7, F8

* 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	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.
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 employment.
F4	Shares in the Company's Employee Stock Purchase Plan.
F5	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.
F6	Share equivalents held in Company's Retirement Savings Plan as of December 31, 2023.
F7	Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
F8	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.