Dennis S. Hudson III - 01 Mar 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: 01 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2023, 17:54:03 UTC
Previous filing: 06 Feb 2023
Next filing: 04 Apr 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	Award	$0	+32,254	+20%	$0.000000	192,792	01 Mar 2023	Direct	F1, F2
holding	SBCF	Common Stock						21,867	01 Mar 2023	Held by Spouse in Trust
holding	SBCF	Common Stock						3,816	01 Mar 2023	Direct	F3
holding	SBCF	Common Stock						3,669	01 Mar 2023	Direct	F4
holding	SBCF	Common Stock						5,241	01 Mar 2023	Direct	F5
holding	SBCF	Common Stock						9,356	01 Mar 2023	Direct	F6
holding	SBCF	Common Stock						31,392	01 Mar 2023	Direct	F7
holding	SBCF	Common Stock						18,104	01 Mar 2023	Direct	F8
holding	SBCF	Common Stock						51,416	01 Mar 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	01 Mar 2023	Common Stock	55,279	$31.15	Direct	F9, F10
holding	SBCF	Common Stock Right to Buy						78,021	01 Mar 2023	Common Stock	78,021	$28.69	Direct	F9, F11
holding	SBCF	Common Stock Right to Buy						51,956	01 Mar 2023	Common Stock	51,956	$14.82	Direct	F9, F12
holding	SBCF	Common Stock Right to Buy						50,000	01 Mar 2023	Common Stock	50,000	$10.54	Direct	F9
holding	SBCF	Common Stock Right to Buy						19,400	01 Mar 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	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	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.