DENNIS S. HUDSON III - 29 Jul 2022 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
29 Jul 2022
Net transactions value
-$225,492
Form type
4
Filing time
02 Aug 2022, 18:46:14 UTC
Previous filing
06 May 2022
Next filing
16 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Sale $288,000 -8,000 -4.5% $36.00 169,698 01 Aug 2022 Direct F1, F2
transaction SBCF Common Stock Award $62,508 +1,747 +0.99% $35.78 177,698 29 Jul 2022 Direct F3
holding SBCF Common Stock 3,816 29 Jul 2022 Direct F4
holding SBCF Common Stock 3,669 29 Jul 2022 Direct F5
holding SBCF Common Stock 5,241 29 Jul 2022 Direct F6
holding SBCF Common Stock 1,947 29 Jul 2022 Direct F7
holding SBCF Common Stock 27,488 29 Jul 2022 Held by Spouse in Trust
holding SBCF Common Stock 9,356 29 Jul 2022 Direct F8
holding SBCF Common Stock 30,701 29 Jul 2022 Direct F9
holding SBCF Common Stock 18,104 29 Jul 2022 Direct F10
holding SBCF Common Stock 51,416 29 Jul 2022 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 29 Jul 2022 Common Stock 55,279 $31.15 Direct F11, F12
holding SBCF Common Stock Right to Buy 78,021 29 Jul 2022 Common Stock 78,021 $28.69 Direct F11, F12
holding SBCF Common Stock Right to Buy 51,956 29 Jul 2022 Common Stock 51,956 $14.82 Direct F11, F13
holding SBCF Common Stock Right to Buy 17,975 29 Jul 2022 Common Stock 17,975 $12.63 Direct F11, F14
holding SBCF Common Stock Right to Buy 50,000 29 Jul 2022 Common Stock 50,000 $10.54 Direct F11, F15
holding SBCF Common Stock Right to Buy 19,400 29 Jul 2022 Common Stock 19,400 $11.00 Direct F11, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 1, 2022
F2 Shares held in Trust
F3 Stock issued from Seacoast's 2021 Inventive Plan for Board service in 2022.
F4 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.
F5 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.
F6 Represents an unvested time-based restricted stock award granted on April 1, 2022.
F7 Represents an unvested time-based restricted stock award granted on December 30, 2019, which shall vest over 3 years in one-third increments, beginning December 30, 2020, and on each anniversary thereafter, subject to continued employment.
F8 Held in IRA
F9 Represents shares held in the Company's Retirement Savings Plan as of June 30, 2022
F10 Shares held jointly with spouse
F11 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
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 continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.
F13 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.
F14 Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 7/1/15. 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.
F15 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.
F16 Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment.