Charles M. Shaffer - Feb 29, 2024 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
Feb 29, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 05:44 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 +12.6K +10.21% $0.00 136K Feb 29, 2024 Direct F1
holding SBCF Common Stock 3.51K Feb 29, 2024 Direct F2
holding SBCF Common Stock 9.31K Feb 29, 2024 Direct F3
holding SBCF Common Stock 7.08K Feb 29, 2024 Direct F4
holding SBCF Common Stock 12.7K Feb 29, 2024 Direct F5
holding SBCF Common Stock 1.33K Feb 29, 2024 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 Feb 29, 2024 Common Stock 28.5K $28.69 Direct F7, F8
holding SBCF Common Stock Right to Buy 19K Feb 29, 2024 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 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, 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.