Seacoast Banking (SBCF) CFO uses 1,755 shares to cover tax bill
Rhea-AI Filing Summary
Seacoast Banking Corp of Florida EVP & CFO Tracey Dexter reported routine share withholdings to cover taxes on equity awards. On April 1, 2026, the company withheld a total of 1,755 Common Stock shares at $30.58 per share as tax-withholding dispositions, not open-market sales.
Following these entries, Dexter continues to hold 44,381 Common Stock shares directly in one account, along with other direct share balances and unvested restricted stock awards that vest over three years, subject to continued employment. He also holds a Common Stock Right to Buy covering 2,842 underlying shares at an exercise price of $31.15 per share, expiring on April 1, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,755 shares
Net Sell
7 txns
Insider
DEXTER TRACEY
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 290 | $30.58 | $9K |
| Exercise Price or Tax Liability | Common Stock | 1,155 | $30.58 | $35K |
| Exercise Price or Tax Liability | Common Stock | 310 | $30.58 | $9K |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,713.901 shares (Direct);
Common Stock Right to Buy — 2,842 shares (Direct)
Footnotes (7)
- F1. Represents an unvested time-based stock award granted 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 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
- F4. Held in Seacoast's Executive Deferred Compensation Plan
- F5. Shares in the Company's Employee Stock Purchase Plan
- F6. Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
- F7. Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment
Key Figures
Tax-withholding shares: 1,755 shares
Withholding price: $30.58 per share
Primary direct holding: 44,381 shares
+3 more
6 metrics
Tax-withholding shares
1,755 shares
Common Stock withheld on April 1, 2026 to cover tax liability
Withholding price
$30.58 per share
Price used for F-code tax-withholding dispositions on April 1, 2026
Primary direct holding
44,381 shares
Direct Common Stock holding reported as of April 1, 2026
Stock right exercise price
$31.15 per share
Exercise price for Common Stock Right to Buy held by CFO
Underlying shares in stock right
2,842 shares
Common Stock underlying right to buy expiring April 1, 2028
Deferred comp plan balance
2,469.901 shares
Common Stock held in Executive Deferred Compensation Plan
Key Terms
tax-withholding disposition, Common Stock Right to Buy, Executive Deferred Compensation Plan, Employee Stock Purchase Plan, +2 more
6 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock Right to Buy financial
"security_title": "Common Stock Right to Buy""
Executive Deferred Compensation Plan financial
"Held in Seacoast's Executive Deferred Compensation Plan"
Employee Stock Purchase Plan financial
"Shares in the Company's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
unvested time-based restricted stock award financial
"Represents an unvested time based restricted stock award grated on April 1, 2025"
Amended and Restated 2013 Incentive Plan financial
"Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did SBCF EVP & CFO Tracey Dexter report?
Tracey Dexter reported share withholdings for taxes, not open-market sales. On April 1, 2026, Seacoast Banking withheld Common Stock shares to pay tax obligations arising from equity awards, a routine administrative transaction for compensation-related grants.
What stock option or right to buy does Tracey Dexter have in SBCF?
Dexter holds a Common Stock Right to Buy with an exercise price of $31.15 per share. This derivative position covers 2,842 underlying Common Stock shares and carries an expiration date of April 1, 2028, providing future purchase rights if exercised.
What do the unvested restricted stock awards for SBCF’s CFO represent?
The unvested restricted stock awards are time-based equity grants that vest over three years. Each grant vests in one-third increments on annual anniversaries of the grant date, beginning one year after grant, and requires Tracey Dexter’s continued employment to fully vest.