Dennis S. Hudson III - Sep 18, 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
Sep 18, 2024
Transactions value $
-$216,480
Form type
4
Date filed
9/20/2024, 04:05 PM
Previous filing
Aug 2, 2024
Next filing
Dec 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Sale -$216K -8K -3.38% $27.06 229K Sep 18, 2024 Direct F1, F2, F3
holding SBCF Common Stock 1.78K Sep 18, 2024 Direct F4
holding SBCF Common Stock 18.1K Sep 18, 2024 Direct F5
holding SBCF Common Stock 32.6K Sep 18, 2024 Direct F6
holding SBCF Common Stock 9.36K Sep 18, 2024 Direct F7
holding SBCF Common Stock 21.9K Sep 18, 2024 Held by Spouse in Trust
holding SBCF Common Stock 51.4K Sep 18, 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 Sep 18, 2024 Common Stock 55.3K $31.15 Direct F8, F9
holding SBCF Common Stock Right to Buy 78K Sep 18, 2024 Common Stock 78K $28.69 Direct F9, F10
* 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.00 to $27.24. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction.
F3 Shares held in Trust
F4 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
F5 Shares held jointly with spouse
F6 Represents shares held in the Company's Retirement Savings Plan as of March 31, 2023
F7 Held in IRA
F8 Granted pursuant to the Company's 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.
F10 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan