Form 4: Director Goebel Reports Stock Transactions in Seacoast Banking Corp of Florida
SEC Form 4 Filing
Maryann Goebel, a director of Seacoast Banking Corporation of Florida, reports acquisition of restricted stock and disposal of shares held in a deferred compensation plan and revocable trust.
Summary
- On July 31, 2024, Maryann Goebel, a director of Seacoast Banking Corporation of Florida, reported transactions involving the company's common stock.
- Goebel acquired 2,245 shares of common stock at $27.84 per share, which were restricted stock issued from Seacoast's 2021 Incentive Plan for service as a Director in 2024 and deferred into the director's account in Seacoast's Directors Deferred Compensation Plan.
- Goebel also disposed of 6,000 shares held in a revocable trust.
- Following these transactions, Goebel beneficially owns 27,155.6629 shares of Seacoast Banking Corporation of Florida.
- Goebel also holds rights to buy 2,142 shares at $22.65 (exercisable from 02/06/2017 to 02/05/2027) and 3,419 shares at $14.39 (exercisable from 02/03/2016 to 02/02/2026) under the company's 2013 Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in their own company's stock.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for all publicly traded companies in the United States.
- Similar filings are made by directors and officers of comparable regional banks like Ameris Bancorp (ABCB) and United Community Banks, Inc. (UCBI) to disclose their transactions in company stock.
- The details disclosed, such as the number of shares bought or sold and the prices, are consistent with the level of information expected in these filings.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the director's investment decisions.
- The filing ensures transparency and compliance with SEC regulations, which benefits all stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/03/2016 | Date from which right to buy 3,419 shares at $14.39 is exercisable. |
| 02/06/2017 | Date from which right to buy 2,142 shares at $22.65 is exercisable. |
| 02/02/2026 | Expiration date for right to buy 3,419 shares at $14.39. |
| 02/05/2027 | Expiration date for right to buy 2,142 shares at $22.65. |
| 07/31/2024 | Date of stock acquisition and disposal transactions. |
| 08/02/2024 | Date of Form 4 filing. |
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