Form 4: Seacoast Banking Corp Officer James C. Stallings III Reports Stock Disposal
SEC Filing
James C. Stallings III, EVP and Chief Credit Officer of Seacoast Banking Corp of Florida, reported the disposal of 3,855 shares of common stock on May 6, 2024.
Summary
- James C. Stallings III, an executive officer at Seacoast Banking Corp of Florida, filed a Form 4 with the SEC.
- The report details the disposal of 3,855 shares of common stock on May 6, 2024, at a price of $24.4368 per share.
- Stallings also holds unvested restricted stock awards granted on April 1, 2022, April 1, 2023, and April 1, 2024, which vest in one-third increments annually, subject to continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The stock disposal by an executive officer may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| April 1, 2022 | Date of grant for an unvested time-based restricted stock award. |
| April 1, 2023 | Date of grant for an unvested time-based restricted stock award. |
| April 1, 2024 | Date of grant for an unvested time-based restricted stock award. |
| April 1, 2025 | First vesting date for the restricted stock award granted on April 1, 2024. |
| May 6, 2024 | Date of the reported stock disposal. |
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