Form 4: Seacoast Banking Corp Director Dennis S. Hudson III Reports Changes in Beneficial Ownership
SEC Form 4
Director Dennis S. Hudson III reports transactions involving Seacoast Banking Corp stock, including a disposition of shares to cover tax obligations and holdings in various accounts.
Summary
- On April 1, 2025, Director Dennis S. Hudson III reported changes in his beneficial ownership of Seacoast Banking Corp of Florida [SBCF] stock.
- He disposed of 425 shares of common stock at a price of $25.5 to cover tax obligations related to an unvested time-based restricted stock award.
- Hudson directly owns 18,104 shares jointly with his spouse, 257,057 shares in a trust, 33,403.287 shares in the Company's Retirement Savings Plan, and 9,356 shares in an IRA.
- He also indirectly owns 21,867 shares held by his spouse in a trust and 51,416 shares held by Sherwood Partners, Ltd, a family partnership.
- Hudson holds rights to buy 55,279 shares of common stock at $31.15, exercisable from April 2, 2028, and 78,021 shares at $28.69, exercisable from April 3, 2027.
- These rights were granted pursuant to the Company's Amended and Restated 2013 Incentive Plan and vest over 3 years subject to continuous employment and the Company's banking subsidiary meeting certain capital requirements.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding the transactions of a company insider.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of grant for an unvested time-based restricted stock award, vesting over 3 years. |
| 04/01/2023 | First vesting date of the unvested time-based restricted stock award. |
| 04/03/2025 | Date of report. |
| 04/01/2025 | Date of transaction (disposal of shares). |
| 03/31/2025 | Date of shares held in the Company's Retirement Savings Plan. |
| 04/02/2028 | Date exercisable for Common Stock Right to Buy (6). |
| 04/03/2027 | Date exercisable for Common Stock Right to Buy (6). |
Keywords
beneficial ownership, Form 4, insider trading, stock options, restricted stock, SBCF, Seacoast Banking Corp, Hudson
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