Form 4: Seacoast Banking Corp Director Acquires Shares and Disposes of Shares in Deferred Compensation Plan

Director Alvaro Monserrat reports acquisition of 2,245 shares of Seacoast Banking Corp stock and disposal of 3,000 shares held in a deferred compensation plan.

Summary

• On July 31, 2024, Alvaro Monserrat, a director of Seacoast Banking Corporation of Florida, acquired 2,245 shares of common stock at a price of $27.84 per share.
• These shares were issued as restricted stock from Seacoast's 2021 Incentive Plan for services as a Director in 2024 and deferred into the director's account in Seacoast's Directors Deferred Compensation Plan.
• Monserrat also disposed of 3,000 shares held in Seacoast's Non-employee Directors Deferred Compensation Plan.
• Following these transactions, Monserrat directly owns 19,628.3909 shares of Seacoast Banking Corp.
• Monserrat also holds rights to buy 2,142 shares at $22.65 (expiring 02/05/2027) and 1,431 shares at $27.53 (expiring 05/03/2028) granted pursuant to the 2013 Incentive Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.

Stakeholder Impact

• The transactions may have a minor impact on shareholder sentiment, as insider transactions are often scrutinized by investors.

Key Dates