Seacoast Banking (SBCF) CEO sells 10,367 shares, still holds 174k
Rhea-AI Filing Summary
Seacoast Banking Corp of Florida Chairman, President & CEO Charles M. Shaffer sold common stock in an open-market transaction. On May 4, 2026, he sold 10,367 shares of common stock at a weighted average price of $30.88 per share, with individual trade prices ranging from $30.75 to $30.96.
After this sale, Shaffer directly held 174,113 shares of common stock. He also held stock options labeled as common stock rights to buy 18,952 underlying shares at $31.15 per share expiring April 1, 2028, and 28,544 underlying shares at $28.69 per share expiring April 1, 2027. The filing also notes unvested restricted stock and plan-based share equivalents, indicating additional long-term equity exposure.
Positive
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Negative
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Insights
CEO executed a modest open-market sale while retaining a sizable equity stake and unexercised options.
Charles M. Shaffer sold 10,367 Seacoast Banking common shares at a weighted average of $30.88, with trade prices between $30.75 and $30.96. Following the sale, he directly held 174,113 common shares, so the transaction represents only a small portion of his visible equity position.
Shaffer also retained stock options covering 18,952 shares at $31.15 expiring on April 1, 2028, and 28,544 shares at $28.69 expiring on April 1, 2027. Footnotes describe additional unvested restricted stock and plan-based holdings, underscoring that a substantial part of his compensation remains equity-linked.
Overall, this looks like a routine liquidity event rather than a transformational change in insider ownership. Future company filings may provide further context on how his remaining options and restricted awards vest over time and align incentives with long-term performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,367 | $30.88 | $320K |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (8)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.75 to $30.96. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction.
- F2. 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
- F3. 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.
- F4. 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
- F5. Shares in the Company's Employee Stock Purchase Plan, as of March 31, 2026
- F6. Share equivalents held in Company's Retirement Savings Plan as of March 31, 2026
- F7. Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
- F8. 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 continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.
Key Figures
Key Terms
weighted average price financial
restricted stock units financial
restricted stock award financial
Employee Stock Purchase Plan financial
Retirement Savings Plan financial
Incentive Plan financial
AI-generated analysis. How Rhea-AI works. Not financial advice.