Juliette Kleffel - Feb 14, 2023 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: Feb 14, 2023
Transactions value $: -$93,828
Form type: 4
Date filed: 2/16/2023, 12:24 PM
Previous filing: Feb 14, 2023
Next filing: Apr 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBCF	Common Stock	Options Exercise	$84K	+5.25K	+13.7%	$15.99	43.6K	Feb 14, 2023	Direct
transaction	SBCF	Common Stock	Options Exercise	$93.2K	+3.25K	+7.45%	$28.69	46.9K	Feb 14, 2023	Direct
transaction	SBCF	Common Stock	Sale	-$271K	-8.5K	-18.14%	$31.88	38.4K	Feb 14, 2023	Direct
holding	SBCF	Common Stock						6.68K	Feb 14, 2023	Direct	F1
holding	SBCF	Common Stock						1.26K	Feb 14, 2023	Direct	F2
holding	SBCF	Common Stock						2.18K	Feb 14, 2023	Direct	F3

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
transaction	SBCF	Common Stock Right to Buy	Options Exercise	$0	-5.25K	-100%	$0.00^*	0	Feb 14, 2023	Common Stock	5.25K	$15.99	Direct	F4, F5
transaction	SBCF	Common Stock Right to Buy	Options Exercise	$0	-3.25K	-17.96%	$0.00	14.8K	Feb 14, 2023	Common Stock	18.1K	$28.69	Direct	F4, F6
holding	SBCF	Common Stock Right to Buy						12.6K	Feb 14, 2023	Common Stock	12.6K	$31.15	Direct	F4, F6

* 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 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.
F3	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.
F4	Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan.
F5	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.
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.