Form 4: Seacoast Banking Corp Officer James C. Stallings, III, Reports Stock Transactions
SEC Form 4 Filing
James C. Stallings, III, EVP, Chief Credit Officer of Seacoast Banking Corp of Florida, reports transactions involving common stock, including acquisitions and disposals related to vesting restricted stock awards.
Summary
- On April 1, 2024, James C. Stallings, III, EVP, Chief Credit Officer of Seacoast Banking Corp of Florida, reported transactions involving the company's common stock.
- These transactions included the disposal of 944 shares at $24.76 related to a restricted stock award granted on April 1, 2022, and the disposal of 266 shares at $24.76 related to a restricted stock award granted on April 1, 2023.
- Stallings also acquired 10,722 shares on April 1, 2024, at $24.76 related to a restricted stock award granted on April 1, 2024.
- Following these transactions, Stallings directly owns 3,855 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date of original restricted stock award grant that vests over 3 years in one-third increments, beginning April 1, 2023. |
| 04/01/2023 | Date of original restricted stock award grant that vests over 3 years in one-third increments, beginning April 1, 2024. |
| 04/01/2024 | Date of transactions: disposal of shares related to vesting of 2022 and 2023 restricted stock awards, and acquisition of shares related to 2024 restricted stock award. |
| 04/01/2024 | Date of original restricted stock award grant that vests over 3 years in one-third increments, beginning April 1, 2025. |
| 04/12/2024 | Date of signature on the Form 4 filing. |
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