Dennis S. Hudson III - Dec 30, 2022 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
Dec 30, 2022
Transactions value $
-$245,964
Form type
4
Date filed
1/3/2023, 05:59 PM
Previous filing
Aug 16, 2022
Next filing
Jan 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Tax liability -$222K -7.12K -4.2% $31.19 162K Dec 31, 2022 Direct F1, F2
transaction SBCF Common Stock Tax liability -$23.9K -767 -100% $31.19 0 Dec 30, 2022 Direct F3
holding SBCF Common Stock 21.9K Dec 30, 2022 Held by Spouse in Trust
holding SBCF Common Stock 3.82K Dec 30, 2022 Direct F4
holding SBCF Common Stock 3.67K Dec 30, 2022 Direct F5
holding SBCF Common Stock 5.24K Dec 30, 2022 Direct F6
holding SBCF Common Stock 9.36K Dec 30, 2022 Direct F7
holding SBCF Common Stock 30.7K Dec 30, 2022 Direct F8
holding SBCF Common Stock 18.1K Dec 30, 2022 Direct F9
holding SBCF Common Stock 51.4K Dec 30, 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 55.3K Dec 30, 2022 Common Stock 55.3K $31.15 Direct F10, F11
holding SBCF Common Stock Right to Buy 78K Dec 30, 2022 Common Stock 78K $28.69 Direct F10, F11
holding SBCF Common Stock Right to Buy 52K Dec 30, 2022 Common Stock 52K $14.82 Direct F10, F12
holding SBCF Common Stock Right to Buy 18K Dec 30, 2022 Common Stock 18K $12.63 Direct F10, F13
holding SBCF Common Stock Right to Buy 50K Dec 30, 2022 Common Stock 50K $10.54 Direct F10, F14
holding SBCF Common Stock Right to Buy 19.4K Dec 30, 2022 Common Stock 19.4K $11.00 Direct F10, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares to cover tax withholding obligations for vested performance-based restricted stock units ("PSUs"), which vested December 31, 2022.
F2 Shares held in Trust
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 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.
F5 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.
F6 Represents an unvested time-based restricted stock award granted on April 1, 2022.
F7 Held in IRA
F8 Represents shares held in the Company's Retirement Savings Plan as of June 30, 2022
F9 Shares held jointly with spouse
F10 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
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 continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.
F12 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.
F13 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.
F14 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.
F15 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.