Seacoast EVP exercises options, sells 12,635 shares
Seacoast Banking Corp of Florida EVP & CRO Joseph M. Forlenza exercised options for 12,635 shares of common stock at $31.15 per share on February 26, 2026.
Rhea-AI Filing Summary
Seacoast Banking Corp of Florida EVP & CRO Joseph M. Forlenza exercised options for 12,635 shares of common stock at $31.15 per share on February 26, 2026. He then sold 12,635 shares of common stock the same day at a weighted average price of $32.90, with individual trades ranging from $32.89 to $32.95.
After these transactions, he directly owned 42,392 shares of common stock. He also holds several unvested time-based restricted stock awards that vest in one-third increments annually beginning in 2024, 2025, and 2026, subject to continued employment under the company’s incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock Right to Buy | 12,635 | $31.15 | $394K |
| Exercise | Common Stock | 12,635 | $31.15 | $394K |
| Sale | Common Stock | 12,635 | $32.90 | $416K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.89 to $32.95. 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 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
- 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. Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
- F6. 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
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What insider transactions did SBCF executive Joseph Forlenza report?
What option exercise did the SBCF EVP report on this Form 4?
Does the SBCF EVP hold unvested restricted stock awards?
Under what plan were the SBCF equity awards to Joseph Forlenza granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.