Seacoast Banking (SBCF) Form 4: Director Adds 2,218 Shares via Compensation
Rhea-AI Filing Summary
Director H. Gilbert Culbreth Jr. filed a Form 4 showing receipt of 2,218 shares of Seacoast Banking Corp. of Florida (SBCF) common stock on 07/31/2025. The shares were issued as restricted stock under the 2021 Incentive Plan for 2025 board service and were immediately deferred into the company’s Non-Employee Directors Deferred Compensation Plan, so no open-market cash transaction occurred.
After this grant, the director’s direct holdings total 47,006 shares (including deferred units). He also reports indirect ownership of 34,200 shares held through a family LLC, an S-corporation, and joint family accounts. In addition, he holds an option to buy 2,142 shares at $22.65 that expires on 02/05/2027.
The filing represents routine board compensation rather than an elective purchase or sale and does not materially affect SBCF’s share count or insider ownership trends. Market impact is expected to be minimal.
Positive
- None.
Negative
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Insights
TL;DR — Routine equity grant; aligns director incentives but unlikely to influence SBCF valuation absent broader insider buying.
This Form 4 discloses a standard annual grant of 2,218 restricted shares to Director Culbreth, deferred into the board compensation plan. Because the transaction is compensation-related, not an open-market purchase, it carries little signalling power about management’s view of valuation. Post-grant direct holdings rise to roughly 47 k shares, plus 34 k indirect, indicating meaningful alignment but no change in control. The outstanding 2,142-share option at $22.65 remains well in-the-money with 18 months to expiration. Overall impact on float, earnings per share, or governance is negligible; investors should view the filing as informational rather than actionable.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,218 | $28.19 | $63K |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- F1. Restricted stock issued from Seacoast's 2021 Incentive Plan for service as a Director in 2025, and deferred into director's account in Seacoast's Directors Deferred Compensation Plan
- F2. Held in Seacoast's Non-employee Directors Deferred Compensation Plan
- F3. Held in IRA
- F4. Held jointly with spouse
- F5. Held jointly with son
- F6. Held jointly with daughter
- F7. Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
AI-generated analysis. How Rhea-AI works. Not financial advice.
