Seacoast (SBCF) grants EVP 3,294 unvested restricted shares
Rhea-AI Filing Summary
FORLENZA JOSEPH M reported acquisition or exercise transactions in this Form 4 filing.
SEACOAST BANKING CORP OF FLORIDA executive vice president and chief risk officer Joseph M. Forlenza received a grant of 3,294 shares of common stock on April 15, 2026 as a time-based restricted stock unit award. The grant carries no purchase price and represents equity compensation rather than an open-market share purchase.
According to the footnotes, this award vests over three years in one-third increments beginning April 15, 2027, subject to continued employment. The filing also lists other unvested time-based restricted stock awards originally granted on April 1, 2024 and April 1, 2025, each scheduled to vest in equal annual installments over three years, reinforcing an ongoing equity-based incentive structure for the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,294 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Represents unvested time based restricted stock units granted on April 15, 2026, which vests over 3 years in one-third increments, beginning April 15, 2027, 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
Key Figures
Key Terms
time based restricted stock units financial
unvested time-based restricted stock award financial
vests over 3 years in one-third increments financial
subject to continued employment financial
grant, award, or other acquisition financial
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