Charles M. Shaffer - 27 Feb 2023 Form 4 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
27 Feb 2023
Net transactions value
-$117,845
Form type
4
Filing time
01 Mar 2023, 17:09:42 UTC
Previous filing
14 Feb 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 Options Exercise $26,400 +2,400 +3.8% $11.00 65,588 27 Feb 2023 Direct
transaction SBCF Common Stock Sale $73,704 -2,400 -3.7% $30.71 63,188 27 Feb 2023 Direct F1
transaction SBCF Common Stock Sale $70,541 -2,297 -3.6% $30.71 60,891 27 Feb 2023 Direct
holding SBCF Common Stock 1,574 27 Feb 2023 Direct F2
holding SBCF Common Stock 18,346 27 Feb 2023 Direct F3
holding SBCF Common Stock 5,241 27 Feb 2023 Direct F4
holding SBCF Common Stock 6,147 27 Feb 2023 Direct F5
holding SBCF Common Stock 1,147 27 Feb 2023 Direct F6

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 -2,400 -100% $0.000000* 0 27 Feb 2023 Common Stock 2,400 $11.00 Direct F7, F8
holding SBCF Common Stock Right to Buy 18,952 27 Feb 2023 Common Stock 18,952 $31.15 Direct F7, F9
holding SBCF Common Stock Right to Buy 28,544 27 Feb 2023 Common Stock 28,544 $28.69 Direct F7, F9
holding SBCF Common Stock Right to Buy 21,255 27 Feb 2023 Common Stock 21,255 $14.82 Direct F7, F10
holding SBCF Common Stock Right to Buy 25,000 27 Feb 2023 Common Stock 25,000 $10.54 Direct F7, F11
* 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. These shares were sold in multiple transactions at prices within the range of $30.71 to $30.73, inclusive. The Reporting Person undertakes to provide, upon request, to 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 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.
F3 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.
F4 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.
F5 Shares in the Company's Employee Stock Purchase Plan.
F6 Share equivalents held in Company's Retirement Savings Plan as of December 31, 2022.
F7 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
F8 Vests over 5 years at the rate of 20% on the first anniversary of the date of grant and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.
F9 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.
F10 Originally had 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.
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), and then at the rate of 20% on each of the following two anniversaries thereafter 20%, subject to continued employment.