Dennis S. Hudson III - Jul 16, 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
Jul 16, 2024
Transactions value $
-$432,000
Form type
4
Date filed
7/18/2024, 05:13 PM
Previous filing
May 10, 2024
Next filing
Aug 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Sale -$432K -16K -6.39% $27.00 234K Jul 16, 2024 Direct F1, F2
holding SBCF Common Stock 1.78K Jul 16, 2024 Direct F3
holding SBCF Common Stock 18.1K Jul 16, 2024 Direct F4
holding SBCF Common Stock 32.6K Jul 16, 2024 Direct F5
holding SBCF Common Stock 9.36K Jul 16, 2024 Direct F6
holding SBCF Common Stock 21.9K Jul 16, 2024 Held by Spouse in Trust
holding SBCF Common Stock 51.4K Jul 16, 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 Jul 16, 2024 Common Stock 55.3K $31.15 Direct F7, F8
holding SBCF Common Stock Right to Buy 78K Jul 16, 2024 Common Stock 78K $28.69 Direct F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares sold were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 29, 2024
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 Shares held jointly with spouse
F5 Represents shares held in the Company's Retirement Savings Plan as of March 31, 2024
F6 Held in IRA
F7 Granted pursuant to Company's 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.
F9 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan