Juliette Kleffel - Mar 1, 2022 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role: EVP, Chief Banking Officer
Signature: /s/ Kathy L. Hsu as Power of Attorney for Juliette Kleffel
Stock symbol: SBCF
Transactions as of: Mar 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/3/2022, 06:45 PM
Previous filing: Jan 3, 2022
Next filing: Apr 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBCF	Common Stock	Award	$0	+7.05K	+26.53%	$0.00	33.6K	Mar 1, 2022	Direct	F1
holding	SBCF	Common Stock						765	Mar 1, 2022	Direct	F2
holding	SBCF	Common Stock						13.2K	Mar 1, 2022	Direct	F3
holding	SBCF	Common Stock						1.88K	Mar 1, 2022	Direct	F4

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						12.6K	Mar 1, 2022	Common Stock	12.6K	$31.15	Direct	F5, F6
holding	SBCF	Common Stock Right to Buy						18.1K	Mar 1, 2022	Common Stock	18.1K	$28.69	Direct	F5, F6
holding	SBCF	Common Stock Right to Buy						5.25K	Mar 1, 2022	Common Stock	5.25K	$15.99	Direct	F5, F7

* 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 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 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	Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan.
F6	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.
F7	Two tiered vesting. First, performance vesting must be met which requires that: 1) the market price of Seacoast common stock increase to 120% or more of the exercise price; and 2) Seacoast's Tier 1 Capital must be equal to or greater than the regulatory standard. Once performance criteria is met, option shall vest 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.