Form 4 for SBCF SEACOAST BANKING CORP OF FLORIDA
Accepted 2023-02-16 00:00:00 ET · period of report 2023-02-14 · accession 0001209191-23-009977 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-16 | 2023-02-14 | SBCF | Kleffel Juliette | EVP, Chief Banking Off | M - OptEx | $20.84 | +8,500 | 46.9K | +22% | +$177.2K |
| D | 2023-02-16 | 2023-02-14 | SBCF | Kleffel Juliette | EVP, Chief Banking Off | S - Sale+OE | $31.88 | -8,500 | 38.4K | -18% | -$271.0K |
| DM | 2023-02-16 | 2023-02-14 | SBCF | Kleffel Juliette | EVP, Chief Banking Off | M - OptEx | $0.00 | -8,500 | 14.8K | -36% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-14 | M | A | 5,253 | $15.99 | 43,607 | D | — | — | |
| 2 | Common | Common Stock | 2023-02-14 | S | D | 8,500 | $31.88 | 38,354 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-14 | M | A | 3,247 | $28.69 | 46,854 | D | — | — | |
| 4 | Derivative | Common Stock Right to Buy | 2023-02-14 | M | D | 5,253 | $0.00 | 0 | D | $15.99 · — to 2024-03-31 | 5,253 Common Stock | (F4) Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan. (F5) Two tiered vesting. First, performance vesting must be met which requires that: 1) the market price of Seacoast common stock increase to 120% or more of the exercise price; and 2) Seacoast's Tier 1 Capital must be equal to or greater than the regulatory standard. Once performance criteria is met, option shall vest 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. |
| 5 | Derivative | Common Stock Right to Buy | 2023-02-14 | M | D | 3,247 | $0.00 | 14,831 | D | $28.69 · — to 2027-04-03 | 18,078 Common Stock | (F4) Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan. (F6) 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. |