Form 4: Seacoast Banking Director Acquires Restricted Stock for Service
Insider Transaction Report
Jacqueline Lynette Bradley, a Director at Seacoast Banking Corporation of Florida, reported the acquisition of 2,218 shares of common stock as compensation for her service.
Summary
- Jacqueline Lynette Bradley, a Director of Seacoast Banking Corporation of Florida (SBCF), reported changes in her beneficial ownership.
- On July 31, 2025, Bradley acquired 2,218 shares of SBCF common stock at a price of $28.19 per share.
- This acquisition represents restricted stock issued from Seacoast's 2021 Incentive Plan for her service as a Director in 2025.
- The acquired shares were deferred into her director's account in Seacoast's Directors Deferred Compensation Plan.
- Following this transaction, Bradley beneficially owns 28,261.5752 shares of common stock directly.
- The filing also lists a disposition of 7,000 shares of common stock, though specific transaction details (date, price) for this disposition are not provided in the table.
- Bradley also holds various 'Right to Buy' derivative securities (stock options) from the 2013 and 2021 Incentive Plans, with exercise prices ranging from $14.39 to $35.78 and expiration dates between 2026 and 2032.
Sentiment
Score: 6
Explanation: The acquisition of restricted stock by a director is generally a positive signal of alignment, though it's compensation rather than an open market purchase. The unexplained disposition of 7,000 shares introduces a minor element of uncertainty, but overall, it's a routine disclosure with a slightly positive tilt due to the acquisition.
Positives
- Director Jacqueline Lynette Bradley acquired 2,218 shares of common stock, aligning her interests with shareholders.
- The acquisition is part of an incentive plan, indicating ongoing compensation and retention of key personnel.
Negatives
- The filing indicates a disposition of 7,000 shares of common stock without specific transaction details (date, price), which lacks transparency regarding the nature of this change.
Future Outlook
The filing does not provide forward-looking statements or guidance beyond the future transaction date of the restricted stock acquisition and the expiration dates of derivative securities.
Industry Context
This Form 4 filing reflects a routine insider transaction for a director at a banking corporation. Such transactions are common in the financial services industry as part of executive and director compensation plans, aiming to align management interests with shareholder value. It does not provide broader industry trends or competitive analysis.
Comparison to Industry Standards
- This filing is a standard disclosure of insider ownership changes, common across publicly traded companies.
- The issuance of restricted stock as compensation for director service and the use of incentive plans (2013 and 2021) are typical practices in corporate governance for attracting and retaining talent in the banking sector.
- Specific comparable companies or projects are not relevant for this type of filing, as it focuses on an individual's holdings rather than company performance metrics against peers.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan Utilization | Restricted stock was issued from Seacoast's 2021 Incentive Plan for director service, and deferred into the Directors Deferred Compensation Plan, indicating ongoing use of established compensation frameworks. | 07/31/2025 | Reinforces alignment of director interests with long-term company performance through equity-based compensation. |
| Incentive Plan Reference | Derivative securities were granted under the 2013 and 2021 Incentive Plans, demonstrating the company's continued reliance on these plans for equity awards. | N/A | Highlights the company's established framework for incentivizing directors and executives through equity. |
Related Party Transactions
- Acquisition of 2,218 shares of common stock by Director Jacqueline Lynette Bradley from Seacoast Banking Corporation of Florida as compensation for service.
Stakeholder Impact
- Shareholders: Provides transparency regarding changes in director ownership, which can influence investor confidence and perception of insider alignment.
Key Dates
| Date | Description |
|---|---|
| 02/03/2016 | Grant date for 2,279 derivative shares at $14.39. |
| 02/06/2017 | Grant date for 2,142 derivative shares at $22.65. |
| 05/04/2018 | Grant date for 1,431 derivative shares at $27.53. |
| 02/04/2019 | Grant date for 1,146 derivative shares at $28.42. |
| 02/03/2022 | Grant date for 1,505 derivative shares at $35.78. |
| 07/31/2025 | Acquisition date of 2,218 restricted common shares. |
| 08/01/2025 | Signature date of the Form 4 filing. |
| 02/02/2026 | Expiration date for 2,279 derivative shares. |
| 02/05/2027 | Expiration date for 2,142 derivative shares. |
| 05/03/2028 | Expiration date for 1,431 derivative shares. |
| 02/03/2029 | Expiration date for 1,146 derivative shares. |
| 02/02/2032 | Expiration date for 1,505 derivative shares. |
Keywords
Seacoast Banking Corporation of Florida, SBCF, Form 4, Insider Trading, Director Compensation, Restricted Stock, Stock Options, Beneficial Ownership, Financial Services, Banking
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