Joseph M. Forlenza - Mar 1, 2023 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
EVP & CRO
Signature
/s/ Kathy L. Hsu as Power of Attorney for Joseph M. Forlenza
Stock symbol
SBCF
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 05:47 PM
Previous filing
Jan 3, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Award $0 +9.07K +79.32% $0.00 20.5K Mar 1, 2023 Direct F1
holding SBCF Common Stock 1.07K Mar 1, 2023 Direct F2
holding SBCF Common Stock 1.03K Mar 1, 2023 Direct F3
holding SBCF Common Stock 1.82K Mar 1, 2023 Direct F4

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 12.6K Mar 1, 2023 Common Stock 12.6K $31.15 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares subject to performance-based restricted stock units ("PSUs") granted on April 1, 2020 that were subject to performance requirements which were attained over a period ending December 31, 2022. On March 1, 2023, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria, which will vest December 31, 2023, provided the recipient remains in continuous service with the Company on the vesting date.
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 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
F6 Represents stock option granted on April 2, 2018 ("grant date") that 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, subject to continued employment.