Seacoast Banking (SBCF) Form 4: 2,218-Share Board Compensation Grant
Rhea-AI Filing Summary
Seacoast Banking Corp. of Florida (SBCF) director Joseph B. Shearouse III filed a Form 4 showing he received 2,218 common shares on 31 Jul 2025 under the 2021 Incentive Plan (transaction code A). The shares were valued at $28.19 each, equating to roughly $62.6 k of equity compensation.
After the award, the director owns 42,300 shares directly and 40 indirectly through his spouse. No shares were sold and no derivatives were involved.
The grant increases his direct stake by about 5.5 %. Because it is a routine, non-open-market award, it is largely informational and unlikely to move the stock, though it modestly strengthens alignment between the board and shareholders.
Positive
- Director increased direct ownership by 2,218 shares (≈5.5%), enhancing shareholder alignment.
- No shares were sold; the filing reflects only an acquisition, avoiding potential negative sentiment.
Negative
- Shares were granted as compensation rather than purchased on the open market, limiting bullish signaling value.
- Total value (~$63k) is immaterial relative to SBCF’s market capitalization and unlikely to impact trading.
Insights
TL;DR: Routine stock grant; minor positive signal, immaterial for valuation.
The 2,218-share award (≈$63k) lifts Shearouse’s direct holding to 42.3k shares. Since it is compensation, not an out-of-pocket purchase, the informational value is limited. The change is negligible versus SBCF’s ~64 m share float, so I view the filing as neutral for near-term price action.
TL;DR: Incentive-plan award improves alignment but is standard board compensation.
The issuance follows the 2021 Incentive Plan and keeps the director above typical minimum-ownership guidelines. No accelerated vesting, derivatives or unusual terms are present, so the filing raises no governance concerns. Overall impact is neutral.