Joseph M. Forlenza - 29 Feb 2024 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
EVP & CRO
Signature
/s/ Kathy L. Hsu as Power of Attorney for Joseph M. Forlenza
Issuer symbol
SBCF
Transactions as of
29 Feb 2024
Net transactions value
$0
Form type
4
Filing time
04 Mar 2024, 17:40:56 UTC
Previous filing
03 Jan 2024
Next filing
12 Apr 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 Award $0 +4,715 +24% $0.000000 24,763 29 Feb 2024 Direct F1
holding SBCF Common Stock 4,496 29 Feb 2024 Direct F2
holding SBCF Common Stock 1,220 29 Feb 2024 Direct F3
holding SBCF Common Stock 524 29 Feb 2024 Direct F4

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 12,635 29 Feb 2024 Common Stock 12,635 $31.15 Direct F5, F6
* 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 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.
F3 Represents an unvested time-based restricted stock award granted on April 1, 2022, which shall vest over 3 years in on-third increments, beginning April 1, 2023, and on each anniversary thereafter, subject to continued employment.
F4 Represents an unvested time-based restricted stock award granted 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 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
F6 Represents stock option granted on April 2, 2018 ("grant date") that vests over 3 years in one-third increments each anniversary of the date of grantbeginning on the first anniversary of the date of grant, subject to continued employment.