Charles M. Shaffer - Dec 31, 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: Dec 31, 2023
Transactions value $: -$134,986
Form type: 4
Date filed: 1/3/2024, 06:53 PM
Previous filing: Nov 9, 2023
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBCF	Common Stock	Tax liability	-$135K	-4.74K	-3.71%	$28.46	123K	Dec 31, 2023	Direct	F1
holding	SBCF	Common Stock						3.51K	Dec 31, 2023	Direct	F2
holding	SBCF	Common Stock						9.31K	Dec 31, 2023	Direct	F3
holding	SBCF	Common Stock						7.08K	Dec 31, 2023	Direct	F4
holding	SBCF	Common Stock						12.7K	Dec 31, 2023	Direct	F5
holding	SBCF	Common Stock						1.33K	Dec 31, 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						28.5K	Dec 31, 2023	Common Stock	28.5K	$28.69	Direct	F7, F8
holding	SBCF	Common Stock Right to Buy						19K	Dec 31, 2023	Common Stock	19K	$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.