Form 4: Seacoast Banking Corp Officer James C. Stallings III Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James C. Stallings III, EVP and Chief Credit Officer of Seacoast Banking Corp of Florida, reports transactions involving common stock, including acquisitions and disposals related to vesting of restricted stock awards.
Summary
- On April 1, 2025, James C. Stallings III, EVP, Chief Credit Officer of Seacoast Banking Corp of Florida, engaged in transactions involving the company's common stock.
- These transactions included the disposal of shares to cover tax obligations related to the vesting of restricted stock awards.
- Stallings also acquired 3,431 shares of common stock at a price of $25.5 per share as part of a new restricted stock award.
- Following these transactions, Stallings directly owns 6,972 shares of Seacoast Banking Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There are no indications of unusual or concerning activity.
Positives
- The acquisition of 3,431 shares indicates continued investment in the company by a key executive.
Future Outlook
The reporting person will continue to receive restricted stock awards that vest over time, subject to continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock awards.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and do not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of original grant for an unvested time-based restricted stock award vesting over 3 years. |
| 04/01/2023 | Date of original grant for an unvested time-based restricted stock award vesting over 3 years. |
| 04/01/2024 | Date of original grant for an unvested time-based restricted stock award vesting over 3 years. |
| 04/01/2025 | Date of transactions reported, including disposal of shares for tax obligations and acquisition of new restricted stock. |
| 04/03/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, SEACOAST BANKING CORP OF FLORIDA, SBCF, James C. Stallings III, Restricted Stock, EVP, Chief Credit Officer
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