Director at Seacoast Banking (SBCF) sells 8,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
SEACOAST BANKING CORP OF FLORIDA director Dennis S. Hudson III reported an open-market sale of 8,000 shares of common stock at $30.04 per share on March 16, 2026. The sale was effected under a pre-arranged Rule 10b5-1 trading plan adopted on November 21, 2025.
After the transaction, he directly holds 228,854 common shares, as well as rights to buy 55,279 shares at $31.15 per share expiring April 1, 2028 and 78,021 shares at $28.69 per share expiring April 1, 2027. Additional common shares are held indirectly through a spouse’s trust and a family partnership, indicating a substantially larger overall stake than the shares sold in this filing.
Positive
- None.
Negative
- None.
Insights
Routine pre-planned director sale of 8,000 shares with large stake retained.
Director Dennis S. Hudson III sold 8,000 shares of SEACOAST BANKING CORP OF FLORIDA common stock at $30.04 per share on March 16, 2026. The filing labels this as an open-market sale, which is generally a strong signal compared with purely administrative transactions.
A key detail is the footnote stating the sale was executed under a Rule 10b5-1 trading plan adopted on November 21, 2025. Such plans are set up in advance and automate trades, so the timing carries less informational value about the director’s current view of the stock.
Post-transaction, Hudson directly holds 228,854 common shares and retains derivative rights to buy 55,279 shares at $31.15 and 78,021 shares at $28.69, expiring in 2028 and 2027, respectively. The filing also shows indirect holdings via a spouse’s trust and a family partnership, suggesting the 8,000-share sale represents only a small portion of his overall exposure.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,000 | $30.04 | $240K |
| 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 (1)
- Shares sold were effected pursuant to a Rule10b5-1 trading plan adopted by the Reporting Person on November 21, 2025 Shares held in Trust Shares held jointly with spouse Represents shares held in the Company's Retirement Savings Plan as of December 31, 2025 Held in IRA Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan 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.
