Form 4: Seacoast Banking EVP Austen Carroll Receives RSU Grant
Statement of Changes in Beneficial Ownership
Seacoast Banking Corp of Florida EVP and Chief Lending Officer Austen Carroll was granted 14,146 restricted stock units on April 15, 2026.
Summary
- Austen Carroll, EVP and Chief Lending Officer of Seacoast Banking Corp of Florida, received a grant of 14,146 restricted stock units (RSUs).
- The grant occurred on April 15, 2026, at a price of $0 per share.
- The RSUs vest over a three-year period in one-third increments, starting April 15, 2027, contingent upon continued employment.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation with no material impact on the company's financial outlook.
Positives
- The grant aligns the interests of the Chief Lending Officer with long-term shareholder value through equity-based compensation.
- The three-year vesting schedule serves as a retention mechanism for key executive talent.
Negatives
- The issuance of new restricted stock units results in minor dilution to existing shareholders.
Risks
- Vesting is subject to continued employment, creating potential turnover risk if the executive departs before the full vesting period concludes.
Future Outlook
The RSUs are scheduled to vest in one-third increments annually starting April 15, 2027, through April 15, 2029, provided the executive remains employed by the company.
Management Comments
- The transaction represents standard equity compensation for an executive officer.
Industry Context
StockSavvy.ai notes that equity-based compensation for C-suite executives in the regional banking sector is a standard practice to ensure leadership retention and alignment with institutional performance goals.
Comparison to Industry Standards
- The use of three-year graded vesting is consistent with standard corporate governance practices for regional banks.
- Equity grants for Chief Lending Officers are common among peers such as SouthState Corporation or Renasant Corporation.
Stakeholder Impact
- Shareholders experience minor dilution from the issuance of new equity.
Next Steps
- Vesting of the first tranche of the new RSU grant on April 15, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Grant date of previous restricted stock award. |
| 04/01/2025 | Grant date of previous restricted stock award. |
| 04/15/2026 | Grant date of new restricted stock units. |
| 04/17/2026 | Filing date of the Form 4. |
Keywords
SBCF, Seacoast Banking, Insider Trading, Form 4, Executive Compensation, Restricted Stock Units
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