Dennis S. Hudson III - 01 Mar 2022 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
Director
Signature
/s/ Dennis S. Hudson, III
Issuer symbol
SBCF
Transactions as of
01 Mar 2022
Net transactions value
$0
Form type
4
Filing time
03 Mar 2022, 18:38:24 UTC
Previous filing
03 Feb 2022
Next filing
05 Apr 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 Award $0 +17,945 +12% $0.000000 172,610 01 Mar 2022 Direct F1
holding SBCF Common Stock 1,947 01 Mar 2022 Direct F2
holding SBCF Common Stock 27,488 01 Mar 2022 Held by Spouse in Trust
holding SBCF Common Stock 7,520 01 Mar 2022 Direct F3
holding SBCF Common Stock 5,476 01 Mar 2022 Direct F4
holding SBCF Common Stock 9,356 01 Mar 2022 Direct F5
holding SBCF Common Stock 30,145 01 Mar 2022 Direct F6
holding SBCF Common Stock 18,104 01 Mar 2022 Direct F7
holding SBCF Common Stock 51,416 01 Mar 2022 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 01 Mar 2022 Common Stock 55,279 $31.15 Direct F8, F9
holding SBCF Common Stock Right to Buy 78,021 01 Mar 2022 Common Stock 78,021 $28.69 Direct F8, F9
holding SBCF Common Stock Right to Buy 51,956 01 Mar 2022 Common Stock 51,956 $14.82 Direct F8, F10
holding SBCF Common Stock Right to Buy 17,975 01 Mar 2022 Common Stock 17,975 $12.63 Direct F8, F11
holding SBCF Common Stock Right to Buy 50,000 01 Mar 2022 Common Stock 50,000 $10.54 Direct F8, F12
holding SBCF Common Stock Right to Buy 19,400 01 Mar 2022 Common Stock 19,400 $11.00 Direct F8, F13
* 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 December 30, 2019 that were subject to performance requirements which were attained over a period ending December 31, 2021. On March 1, 2022, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria, which will vest Dec. 31, 2022, 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 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 Held in IRA
F6 Represents shares held in the Company's Retirement Savings Plan as of December 31, 2021.
F7 Shares held jointly with spouse
F8 Granted pursuant to the Company's Amended and Restated 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 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.
F11 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.
F12 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.
F13 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.