Seacoast (NASDAQ: SBCF) COO uses 2,011 shares to cover tax liabilities
Rhea-AI Filing Summary
Seacoast Banking Corporation of Florida EVP and COO Juliette Kleffel reported routine tax-related share dispositions in company stock. On April 1, 2026, a total of 2,011 shares of Common Stock were disposed of at $30.58 per share to satisfy tax liabilities, classified as tax-withholding dispositions rather than open-market sales.
Following these transactions, Kleffel directly held 78,321 shares of Common Stock. She also held vested rights to acquire additional Common Stock, including 12,635 underlying shares at an exercise price of $31.15 expiring in 2028, and 14,831 underlying shares at an exercise price of $28.69 expiring in 2027. Footnotes describe multiple unvested time-based restricted stock awards granted between 2023 and 2025, which vest in one-third increments annually, subject to continued employment and, for certain awards, capital requirement conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,011 shares
Net Sell
6 txns
Insider
Kleffel Juliette
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 342 | $30.58 | $10K |
| Exercise Price or Tax Liability | Common Stock | 1,286 | $30.58 | $39K |
| Exercise Price or Tax Liability | Common Stock | 383 | $30.58 | $12K |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,770 shares (Direct);
Common Stock Right to Buy — 27,466 shares (Direct)
Footnotes (5)
- F1. Represents an unvested time-based restricted stock award granted on April 1, 2023, which shall vest over 3 years in one-third increments , beginning on April 1, 2024, 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
- F4. Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Amended and Restated Incentive Plan
- F5. 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
Tax-withholding shares disposed: 2,011 shares
Disposition price per share: $30.58 per share
Direct Common Stock holdings after transactions: 78,321 shares
+3 more
6 metrics
Tax-withholding shares disposed
2,011 shares
Common Stock delivered on April 1, 2026 for tax obligations
Disposition price per share
$30.58 per share
Price used for tax-withholding dispositions of Common Stock
Direct Common Stock holdings after transactions
78,321 shares
Direct ownership of Common Stock following reported dispositions
Right to buy at $31.15
12,635 underlying shares
Common Stock Right to Buy, expiring April 1, 2028
Right to buy at $28.69
14,831 underlying shares
Common Stock Right to Buy, expiring April 1, 2027
Tax-withholding transactions count
3 transactions
Code F events on April 1, 2026
Key Terms
tax-withholding disposition, Common Stock Right to Buy, restricted stock award, Incentive Plan, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock Right to Buy financial
""security_title": "Common Stock Right to Buy""
restricted stock award financial
"Represents an unvested time-based restricted stock award granted on April 1, 2023"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Incentive Plan financial
"Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Amended and Restated Incentive Plan"
vesting financial
"which shall vest over 3 years in one-third increments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SBCF executive Juliette Kleffel report?
Juliette Kleffel reported dispositions of Seacoast Banking Corporation of Florida Common Stock to cover tax obligations. On April 1, 2026, 2,011 shares were delivered at $30.58 per share as tax-withholding dispositions, rather than open-market sales, in connection with equity compensation.
How do restricted stock awards for SBCF executive Juliette Kleffel vest?
Restricted stock awards granted to Kleffel between 2023 and 2025 vest over three years in one-third increments. Vesting begins one year after the grant date, requires continued employment, and for certain awards depends on the company’s banking subsidiary meeting specified capital requirements.
Are the SBCF insider transactions open-market sales or tax events?
The reported SBCF insider transactions are tax events, not open-market sales. They are coded as “F,” described as payment of exercise price or tax liability by delivering securities, indicating routine tax-withholding dispositions tied to equity compensation rather than discretionary market selling.