Form 4: Seacoast Banking Director Exercises Stock Options
Insider Transaction Report
Christopher E. Fogal, a director at Seacoast Banking Corp. of Florida, acquired 3,419 shares of common stock through the exercise of stock options.
Summary
- Christopher E. Fogal, a Director of Seacoast Banking Corp. of Florida (SBCF), reported a transaction on November 19, 2025.
- The transaction involved the exercise of a derivative security, specifically a 'Right to Buy' Common Stock.
- Fogal acquired 3,419 shares of SBCF Common Stock at an exercise price of $14.39 per share.
- This transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-arranged.
- Following the transaction, Fogal directly owns 14,780 shares of Common Stock.
- Additionally, Fogal holds 31,966.76 shares in Seacoast's Non-employee Directors Deferred Compensation Plan and 6,875 shares jointly with his spouse.
- Indirectly, Fogal holds 4,688 shares through his spouse in trust.
- He also retains beneficial ownership of other 'Right to Buy' derivative securities with varying exercise prices and expiration dates, including 2,142 shares at $22.65, 1,431 shares at $27.53, and 1,146 shares at $28.42.
Sentiment
Score: 7
Explanation: The exercise of stock options by a director, especially under a 10b5-1 plan, is a routine insider transaction. It indicates the director is realizing value from their compensation and increasing their direct equity stake, which is generally seen as a positive signal of alignment with shareholder interests. No negative implications are present.
Positives
- Director Christopher E. Fogal increased his direct beneficial ownership of common stock by 3,419 shares, signaling continued alignment with shareholder interests.
- The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned and systematic approach to insider trading.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Christopher E. Fogal, a director of Seacoast Banking Corp. of Florida, acquired shares from the company through the exercise of stock options, which is a standard compensation-related transaction between an insider and the issuer.
Stakeholder Impact
- Shareholders: The transaction increases a director's direct ownership, potentially signaling confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 02/03/2016 | Date exercisable for 3,419 Common Stock Right to Buy options. |
| 02/06/2017 | Date exercisable for 2,142 Common Stock Right to Buy options. |
| 05/04/2018 | Date exercisable for 1,431 Common Stock Right to Buy options. |
| 02/04/2019 | Date exercisable for 1,146 Common Stock Right to Buy options. |
| 11/19/2025 | Date of transaction where 3,419 shares were acquired through option exercise. |
| 11/20/2025 | Date the Form 4 was signed by Power of Attorney. |
| 02/02/2026 | Expiration date for 3,419 Common Stock Right to Buy options (now exercised). |
| 02/05/2027 | Expiration date for 2,142 Common Stock Right to Buy options. |
| 05/03/2028 | Expiration date for 1,431 Common Stock Right to Buy options. |
| 02/03/2029 | Expiration date for 1,146 Common Stock Right to Buy options. |
Keywords
Seacoast Banking Corp. of Florida, SBCF, Christopher E. Fogal, Insider Trading, Form 4, Stock Options, Director, Beneficial Ownership, Equity Acquisition, Rule 10b5-1
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