Seacoast Banking (SBCF) CRO reports 7,736-share PSU award and option holdings
Rhea-AI Filing Summary
Seacoast Banking Corporation of Florida executive vice president and chief risk officer Joseph M. Forlenza reported an equity award tied to prior performance. On February 10, 2026, he acquired 7,736 shares of common stock at $0 per share through performance-based restricted stock units granted on April 1, 2023, after the compensation committee certified results for the period ending December 31, 2025. These shares are scheduled to vest on December 31, 2026, if he remains in continuous service. He also reports direct ownership of multiple unvested time-based restricted stock awards and a stock option for 12,635 shares of common stock exercisable at $31.15 per share under the company’s Amended and Restated 2013 Incentive Plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,736 | $0.00 | -- |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares subject to performance based restricted stock units ("PSU's") granted on April 1, 2023, that were subject to performance requirements which were attained over a period ending December 31, 2025. On February 10, 2026, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria, which will vest on December 31, 2026, provided the recipient remains in continuous service with the Company on the vesting date Represents an unvested time-based restricted stock award granted on April 1, 2023, which shall vest over 3 years in one-third increments, beginning April 2, 2024, and on each anniversary thereafter, subject to continued employment 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 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 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan Represents stock option granted on April 2, 2018 ("grant date") that 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, subject to continued employment
FAQ
What insider transaction did SBCF executive Joseph Forlenza report?
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