Seacoast Banking (SBCF) EVP uses 1,228 shares to cover tax on awards
Rhea-AI Filing Summary
Seacoast Banking Corp of Florida executive reports routine tax withholding on equity awards. EVP and Chief Credit Officer James C. Stallings III had a total of 1,228 shares of common stock withheld on April 1, 2026 at $30.58 per share to cover tax obligations tied to vested restricted stock. Following these entries, he holds 14,799 common shares directly, reflecting ongoing equity-based compensation rather than open-market buying or selling.
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Insights
Routine tax-withholding entries with modest scale and no open-market trades.
EVP and Chief Credit Officer James C. Stallings III reported three code F transactions on April 1, 2026, totaling 1,228 shares of Seacoast Banking Corp of Florida common stock at $30.58 per share. Code F indicates shares were withheld to satisfy tax liabilities on equity compensation, not discretionary market sales.
Footnotes describe multiple unvested time-based restricted stock awards granted in 2023, 2024, and 2025 that vest over three years in one-third installments, subject to continued employment. The filings are consistent with normal vesting and associated tax withholding, a mechanistic process.
The holding line shows Stallings with 14,799 common shares directly after these entries, so the 1,228 shares represent a relatively small portion of his visible equity position. With no open-market purchases or sales and no derivative exercises, these transactions are best viewed as routine compensation administration rather than a directional signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 239 | $30.58 | $7K |
| Exercise Price or Tax Liability | Common Stock | 734 | $30.58 | $22K |
| Exercise Price or Tax Liability | Common Stock | 255 | $30.58 | $8K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Represents an unvested time-based restricted stock award granted on April 1, 2023, which shall vest over 3 years in one-third increments, beginning April 1, 2024, and on each anniversary thereafter, subject to continued employment
- F2. Represents an unvested time-based restricted stock award granted on April 1, 2024, which shall vest over 3 years in one-third increments, beginning on April 1, 2025, and on each anniversary thereafter, subject to continued employment.
- F3. Represents an unvested time based restricted stock award grated on April 1, 2025, which vests over 3 years in one-third increments, beginning April 1, 2026, and on each anniversary thereafter subject to continued employment
Key Figures
Key Terms
tax-withholding disposition financial
restricted stock award financial
time-based financial
vest over 3 years financial
continued employment financial
AI-generated analysis. How Rhea-AI works. Not financial advice.