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.

Insights

Financial Analyst

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CULBRETH H GILBERT JR

(Last) (First) (Middle)

SEACOAST BANKING CORPORATION

P. O. BOX 9012

(Street)

STUART FL 34995

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SEACOAST BANKING CORP OF FLORIDA [ SBCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/31/2025		A(1)		2,218	A	$28.19	47,005.87	D(2)
Common Stock								1,672	D
Common Stock								10,000	D(3)
Common Stock								10,328	D(4)
Common Stock								500	D(5)
Common Stock								500	D(6)
Common Stock								26,000	I	Held in family limited liability company
Common Stock								8,200	I	Held in family sub-S corporation

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Right to Buy(7)	$22.65							02/06/2017	02/05/2027	Common Stock	2,142		2,142	D

Explanation of Responses:

1. 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

2. Held in Seacoast's Non-employee Directors Deferred Compensation Plan

3. Held in IRA

4. Held jointly with spouse

5. Held jointly with son

6. Held jointly with daughter

7. Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan

Remarks:

	/s/ Kathy L. Hsu as Power of Attorney for H. Gilbert Culbreth, Jr.	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many SBCF shares did Director Culbreth acquire on 07/31/2025?

He acquired 2,218 restricted shares under the 2021 Incentive Plan.

Was cash paid for the shares disclosed in the Form 4?

No. The shares were issued as compensation and deferred into the Directors Deferred Compensation Plan.

What is the director’s total direct ownership after the grant?

Direct beneficial ownership increased to 47,006 shares (including deferred units).

Does the director hold any stock options?

Yes. He holds an option to purchase 2,142 shares at $22.65 expiring 02/05/2027.

Is this Form 4 likely to impact SBCF’s stock price?

Impact is expected to be minimal because the transaction is routine compensation, not an open-market trade.