Dennis S. Hudson III - 02 Nov 2021 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
Executive Chairman, Director
Signature
/s/ Dennis S. Hudson, III
Issuer symbol
SBCF
Transactions as of
02 Nov 2021
Net transactions value
-$298,560
Form type
4
Filing time
03 Nov 2021, 16:46:39 UTC
Previous filing
01 Sep 2021
Next filing
03 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Sale $298,560 -8,000 -4.6% $37.32 167,332 02 Nov 2021 Direct
holding SBCF Common Stock 27,488 02 Nov 2021 Held by Spouse in Trust
holding SBCF Common Stock 7,520 02 Nov 2021 Direct F1
holding SBCF Common Stock 5,476 02 Nov 2021 Direct F2
holding SBCF Common Stock 3,836 02 Nov 2021 Direct F3
holding SBCF Common Stock 9,356 02 Nov 2021 Direct F4
holding SBCF Common Stock 30,664 02 Nov 2021 Direct F5
holding SBCF Common Stock 18,104 02 Nov 2021 Direct F6
holding SBCF Common Stock 51,416 02 Nov 2021 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 55,279 02 Nov 2021 Common Stock 55,279 $31.15 Direct F7, F8
holding SBCF Common Stock Right to Buy 78,021 02 Nov 2021 Common Stock 78,021 $28.69 Direct F7, F8
holding SBCF Common Stock Right to Buy 51,956 02 Nov 2021 Common Stock 51,956 $14.82 Direct F7, F9
holding SBCF Common Stock Right to Buy 17,975 02 Nov 2021 Common Stock 17,975 $12.63 Direct F7, F10
holding SBCF Common Stock Right to Buy 50,000 02 Nov 2021 Common Stock 50,000 $10.54 Direct F7, F11
holding SBCF Common Stock Right to Buy 19,400 02 Nov 2021 Common Stock 19,400 $11.00 Direct F7, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an unvested time-based restricted stock award granted on April 1, 2020, which shall vest over 3 years in one-third increments, beginning April 1, 2021, and on each anniversary thereafter, subject to continued employment.
F2 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.
F3 Represents an unvested time-based restricted stock award granted on December 30, 2019, which shall vest over 3 years in one-third increments, beginning December 30, 2020, and on each anniversary thereafter, subject to continued employment.
F4 Held in IRA
F5 Represents shares held in the Company's Retirement Savings Plan as of September 30, 2021.
F6 Shares held jointly with spouse
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.
F9 Originally had two tiered vesting. The performance criteria was met and the time-based vesting began on 12/1/2016. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.
F10 Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 7/1/15. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.
F11 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 continued employment.
F12 Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment.