Dennis S. Hudson III - 02 Feb 2023 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
02 Feb 2023
Net transactions value
-$266,655
Form type
4
Filing time
06 Feb 2023, 20:14:58 UTC
Previous filing
10 Jan 2023
Next filing
03 Mar 2023
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 $266,655 -8,078 -4.8% $33.01 160,538 02 Feb 2023 Direct F1, F2
holding SBCF Common Stock 21,867 02 Feb 2023 Held by Spouse in Trust
holding SBCF Common Stock 3,816 02 Feb 2023 Direct F3
holding SBCF Common Stock 3,669 02 Feb 2023 Direct F4
holding SBCF Common Stock 5,241 02 Feb 2023 Direct F5
holding SBCF Common Stock 9,356 02 Feb 2023 Direct F6
holding SBCF Common Stock 31,392 02 Feb 2023 Direct F7
holding SBCF Common Stock 18,104 02 Feb 2023 Direct F8
holding SBCF Common Stock 51,416 02 Feb 2023 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 Feb 2023 Common Stock 55,279 $31.15 Direct F9, F10
holding SBCF Common Stock Right to Buy 78,021 02 Feb 2023 Common Stock 78,021 $28.69 Direct F9, F11
holding SBCF Common Stock Right to Buy 51,956 02 Feb 2023 Common Stock 51,956 $14.82 Direct F9, F12
holding SBCF Common Stock Right to Buy 50,000 02 Feb 2023 Common Stock 50,000 $10.54 Direct F9
holding SBCF Common Stock Right to Buy 19,400 02 Feb 2023 Common Stock 19,400 $11.00 Direct F9
* 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, of which 6,331 shares were sold at $32.9961 and 1,747 shares were sold at $33.0602. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction.
F2 Shares held in Trust
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 Represents an unvested time-based restricted stock award granted on April 1, 2022, which shall vest over 3 years in one-third increments, beginning April 1, 2023, and on each anniversary thereafter, subject to continued employment.
F6 Held in IRA
F7 Represents shares held in the Company's Retirement Savings Plan as of December 31, 2022
F8 Shares held jointly with spouse
F9 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
F10 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.
F11 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.
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.