Dennis S. Hudson III - Feb 29, 2024 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
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 05:37 PM
Previous filing
Jan 3, 2024
Next filing
Apr 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Award $0 +16.8K +6.77% $0.00 264K Feb 29, 2024 Direct F1, F2
holding SBCF Common Stock 3.51K Feb 29, 2024 Direct F3
holding SBCF Common Stock 34.1K Feb 29, 2024 Direct F4
holding SBCF Common Stock 1.86K Feb 29, 2024 Direct F5
holding SBCF Common Stock 18.1K Feb 29, 2024 Direct F6
holding SBCF Common Stock 9.36K Feb 29, 2024 Direct F7
holding SBCF Common Stock 21.9K Feb 29, 2024 Held by Spouse in Trust
holding SBCF Common Stock 51.4K Feb 29, 2024 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 55.3K Feb 29, 2024 Common Stock 55.3K $31.15 Direct F8, F9
holding SBCF Common Stock Right to Buy 78K Feb 29, 2024 Common Stock 78K $28.69 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares subject to performance based restricted stock units ("PSUs") granted on April 1, 2021, that were subject to performance requirements which were attained over a period ending December 31, 2023. On February 29, 2024, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria, which will vest on December 31, 2024, provided the recipient remains in continuous service with the Company on the vesting date.
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 the Company's Amended and Restated 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.