SBCF EVP Forlenza has 1,571 shares withheld for tax
SEACOAST BANKING CORP OF FLORIDA EVP & CRO Joseph M. Forlenza reported routine tax-related share dispositions.
Rhea-AI Filing Summary
SEACOAST BANKING CORP OF FLORIDA EVP & CRO Joseph M. Forlenza reported routine tax-related share dispositions. On April 1, 2026, a total of 1,571 shares of common stock were withheld at $30.58 per share to cover tax obligations tied to equity awards. These F-code transactions are not open-market sales. After these entries, he directly holds 48,402 shares of common stock, reflecting his ongoing equity stake in the company.
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Insider Trade Summary
Exercise Price or Tax Liability: 1,571 shares
Exercise Price or Tax Liability
4 txns
Insider
FORLENZA JOSEPH M
Role
EVP & CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 290 | $30.58 | $9K |
| Exercise Price or Tax Liability | Common Stock | 971 | $30.58 | $30K |
| Exercise Price or Tax Liability | Common Stock | 310 | $30.58 | $9K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 51,194 shares (Direct)
Footnotes (3)
- 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 April 2, 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
Key Figures
Tax-withholding shares: 1,571 shares
Tax-withholding price: $30.58 per share
Post-transaction holdings: 48,402 shares
+3 more
6 metrics
Tax-withholding shares
1,571 shares
Common stock delivered for tax liabilities on 2026-04-01
Tax-withholding price
$30.58 per share
Value used for F-code dispositions on 2026-04-01
Post-transaction holdings
48,402 shares
Direct common stock ownership after reported transactions
F-code transaction 1
290 shares
Common stock delivered for tax liability at $30.58
F-code transaction 2
971 shares
Common stock delivered for tax liability at $30.58
F-code transaction 3
310 shares
Common stock delivered for tax liability at $30.58
Key Terms
tax-withholding disposition, restricted stock award, time-based restricted stock, vest over 3 years, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for F-code entries"
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.
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.
time-based restricted stock financial
"Represents an unvested time-based restricted stock award granted on April 1, 2024"
Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.
vest over 3 years financial
"which shall vest over 3 years in one-third increments"
continued employment financial
"on each anniversary thereafter, subject to continued employment"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBCF executive Joseph Forlenza report on April 1, 2026?
Joseph M. Forlenza reported tax-withholding dispositions of Seacoast Banking (SBCF) shares on April 1, 2026. In total, 1,571 common shares were withheld at $30.58 per share to satisfy tax liabilities associated with equity compensation awards, not as open-market sales.
What do the restricted stock footnotes in the SBCF Form 4 explain?
The footnotes explain that multiple time-based restricted stock awards granted in 2023, 2024, and 2025 vest in one-third increments over three years. Each award vests annually on specified April dates, subject to Joseph Forlenza’s continued employment with Seacoast Banking Corporation of Florida.
What does transaction code F mean in the Seacoast Banking (SBCF) Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this SBCF Form 4, Joseph Forlenza used shares of common stock, totaling 1,571, to satisfy tax obligations related to equity awards, instead of conducting open-market sales for cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.