Form 4: Seacoast Banking Director Eduardo Arriola Reports Restricted Stock Acquisition

Seacoast Banking Corp of Florida Director Eduardo J. Arriola reported the acquisition of 2,218 shares of common stock as restricted stock for director service, deferred into a compensation plan.

Summary

• Eduardo J. Arriola, a Director of Seacoast Banking Corp of Florida (SBCF), reported changes in beneficial ownership.
• Acquired 2,218 shares of common stock on July 31, 2025, at a price of $28.19 per share.
• This acquisition represents restricted stock issued from Seacoast's 2021 Incentive Plan for service as a Director in 2025, deferred into the Directors Deferred Compensation Plan.
• Following this specific transaction, Arriola beneficially owns 2,218 shares directly.
• Additionally, Arriola holds 28,404 shares in Seacoast's Non-employee Directors Deferred Compensation Plan.
• An unvested time-based restricted stock award of 558 shares was granted on April 1, 2024, which shall vest over three years in one-third increments, beginning on April 1, 2025, and on each anniversary thereafter, subject to continued employment.
• Arriola also holds 281 shares in an IRA.

Sentiment

Score: 6

Explanation: The filing reports a director's acquisition of restricted stock as part of an incentive plan, which is a routine compensation event. While not a direct open-market purchase, it signifies continued alignment of the director's interests with the company's performance and is generally viewed as a neutral to slightly positive signal regarding corporate governance and long-term commitment.

Positives

• Director Eduardo J. Arriola received 2,218 shares of restricted stock as compensation, aligning his interests with shareholders.
• The restricted stock is part of Seacoast's 2021 Incentive Plan, indicating a structured approach to director compensation.

Future Outlook

The filing indicates future vesting dates for previously granted restricted stock awards, with one-third increments beginning on April 1, 2025, and on each anniversary thereafter, subject to continued employment.

Industry Context

This filing is a standard disclosure of insider transactions, specifically director compensation in the form of restricted stock, common practice within the financial services industry to align director interests with shareholder value.

Corporate Governance

Related Party Transactions

• Acquisition of 2,218 shares of restricted common stock by Director Eduardo J. Arriola from Seacoast Banking Corp of Florida as compensation for director service.

Stakeholder Impact

• Shareholders: The issuance of restricted stock from an incentive plan can lead to minor dilution but aims to align director interests with shareholder value.
• Director (Eduardo J. Arriola): Receives equity compensation, increasing his stake and aligning his financial interests with the company's performance.

Next Steps

• Vesting of the 558 unvested time-based restricted stock award in one-third increments annually, beginning April 1, 2025.

Key Dates

Keywords

SEC Form 4, insider transaction, director compensation, restricted stock, beneficial ownership, SBCF, Seacoast Banking Corp of Florida, corporate governance, equity compensation