Joseph M. Forlenza - 01 Apr 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
Issuer symbol
SBCF
Transactions as of
01 Apr 2023
Net transactions value
+$86,119
Form type
4
Filing time
05 Apr 2023, 17:34:30 UTC
Previous filing
03 Mar 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Tax liability $5,356 -226 -16% $23.70 1,220 01 Apr 2023 Direct F1
transaction SBCF Common Stock Tax liability $10,025 -423 -100% $23.70 0 01 Apr 2023 Direct F2
transaction SBCF Common Stock Tax liability $4,740 -200 -28% $23.70 524 01 Apr 2023 Direct F3
transaction SBCF Common Stock Award $106,240 +4,496 $23.63 4,496 01 Apr 2023 Direct F4
holding SBCF Common Stock 21,837 01 Apr 2023 Direct

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 12,635 01 Apr 2023 Common Stock 12,635 $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 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.
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, 2023, which shall vest over 3 years in one-third increments, beginning April 1, 2024, 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.

Remarks:

This Form 4 as originally filed on April 4, 2023, contained a mathematical error regarding the vesting of restricted shares.