Charles M. Shaffer - 01 Feb 2022 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
President & CEO, Director
Signature
/s/ Charles M. Shaffer
Issuer symbol
SBCF
Transactions as of
01 Feb 2022
Net transactions value
-$381,650
Form type
4
Filing time
03 Feb 2022, 17:12:21 UTC
Previous filing
03 Jan 2022
Next filing
03 Mar 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 $381,650 -10,500 -18% $36.35 46,302 01 Feb 2022 Direct F1
holding SBCF Common Stock 2,192 01 Feb 2022 Direct F2
holding SBCF Common Stock 3,102 01 Feb 2022 Direct F3
holding SBCF Common Stock 27,382 01 Feb 2022 Direct F4
holding SBCF Common Stock 5,416 01 Feb 2022 Direct F5
holding SBCF Common Stock 1,056 01 Feb 2022 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 18,952 01 Feb 2022 Common Stock 18,952 $31.15 Direct F7, F8
holding SBCF Common Stock Right to Buy 28,544 01 Feb 2022 Common Stock 28,544 $28.69 Direct F7, F8
holding SBCF Common Stock Right to Buy 21,255 01 Feb 2022 Common Stock 21,255 $14.82 Direct F7, F9
holding SBCF Common Stock Right to Buy 8,100 01 Feb 2022 Common Stock 8,100 $12.63 Direct F7, F10
holding SBCF Common Stock Right to Buy 25,000 01 Feb 2022 Common Stock 25,000 $10.54 Direct F7, F11
holding SBCF Common Stock Right to Buy 2,400 01 Feb 2022 Common Stock 2,400 $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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.88 to $36.57, inclusive. The reporting person undertakes to provide to SBCF, any security holder of SBCF, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2 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.
F3 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.
F4 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.
F5 Shares in the Company's Employee Stock Purchase Plan.
F6 Share equivalents held in Company's Retirement Savings Plan as of December 31, 2021
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. Performance criteria was met and 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 vesting criteria has been met and time-based vesting began on 7/1/2015. Option vests in equal installments over the next 48 months, provided the 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), and then at the rate of 20% on each of the following two anniversaries thereafter 20%, subject to continued employment.
F12 Vests over 5 years at the rate of 20% on the first anniversary of the date of grant and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.