Charles M. Shaffer - 31 Dec 2022 Form 5 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
Chairman, President & CEO, Director
Signature
/s/ Charles M. Shaffer
Issuer symbol
SBCF
Transactions as of
31 Dec 2022
Net transactions value
$0
Form type
5
Filing time
14 Feb 2023, 18:58:02 UTC
Previous filing
03 Jan 2023
Next filing
01 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SBCF Common Stock 63,188 31 Dec 2022 Direct
holding SBCF Common Stock 1,574 31 Dec 2022 Direct F1
holding SBCF Common Stock 18,346 31 Dec 2022 Direct F2
holding SBCF Common Stock 5,241 31 Dec 2022 Direct F3
holding SBCF Common Stock 6,147 31 Dec 2022 Direct F4
holding SBCF Common Stock 1,147 31 Dec 2022 Direct F5

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 31 Dec 2022 Common Stock 18,952 $31.15 Direct F6, F7
holding SBCF Common Stock Right to Buy 28,544 31 Dec 2022 Common Stock 28,544 $23.91 Direct F6, F7
holding SBCF Common Stock Right to Buy 21,255 31 Dec 2022 Common Stock 21,255 $14.82 Direct F6, F8
holding SBCF Common Stock Right to Buy 25,000 31 Dec 2022 Common Stock 25,000 $10.54 Direct F6, F9
holding SBCF Common Stock Right to Buy 2,400 31 Dec 2022 Common Stock 2,400 $11.00 Direct F6, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents 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.
F3 Represents 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.
F4 Held in Company's Employee Stock Purchase Plan as of December 31, 2022.
F5 Share equivalents held in Company's Retirement Savings Plan as of December 31, 2022.
F6 Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
F7 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.
F8 Originally has 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.
F9 Vests over 3 years in one-third increments on each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continue employment.
F10 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 continued employment.