SBCF.NASDAQSeacoast Banking CORP of Florida

Form 4: Seacoast Banking Corp Director Shearouse Reports Stock Disposal

Sentiment:

SEC Form 4 Filing

📋All filings for Seacoast Banking CORP of Florida
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Director Joseph B. Shearouse III reports disposing of 415 shares of Seacoast Banking Corp of Florida to cover tax obligations related to vesting restricted stock.

Summary

  • On April 1, 2024, Joseph B. Shearouse III, a director of Seacoast Banking Corp of Florida, disposed of 415 shares of common stock.
  • The transaction was executed at a price of $24.76 per share.
  • The disposal was related to covering tax obligations associated with the vesting of a restricted stock award.
  • Following the transaction, Shearouse directly owns 36,989 shares of common stock and indirectly owns 40 shares held by his spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it represents a small percentage of the director's holdings and is related to tax obligations.

Key Dates

DateDescription
04/01/2021Date of original restricted stock award grant, vesting in three year increments.
04/01/2022First vesting date of the restricted stock award.
04/01/2024Date of transaction: Disposal of 415 shares to cover tax obligations.
04/12/2024Date of signature on the Form 4 filing.

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