Seacoast Banking CEO shares withheld for taxes
Seacoast Banking Corp of Florida Chairman, President & CEO Charles M. Shaffer reported routine equity compensation-related activity.
Rhea-AI Filing Summary
Seacoast Banking Corp of Florida Chairman, President & CEO Charles M. Shaffer reported routine equity compensation-related activity. On April 1, 2026, a total of 9,554 shares of common stock were disposed of at $30.58 per share as tax-withholding dispositions to cover equity award obligations, not open-market sales.
After these transactions, the filing shows Shaffer continuing to hold significant direct equity, including common stock positions and stock options to purchase 28,544 shares at an exercise price of $28.69 expiring in 2027 and options on 18,952 shares at $31.15 expiring in 2028, along with unvested time-based restricted stock and plan-related share equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 9,554 shares
Exercise Price or Tax Liability
8 txns
Insider
Shaffer Charles M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,513 | $30.58 | $46K |
| Exercise Price or Tax Liability | Common Stock | 5,896 | $30.58 | $180K |
| Exercise Price or Tax Liability | Common Stock | 2,145 | $30.58 | $66K |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock Right to Buy | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 206,920.4018 shares (Direct);
Common Stock Right to Buy — 47,496 contracts (Direct)
Footnotes (7)
- 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 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. Shares in the Company's Employee Stock Purchase Plan
- F5. Share equivalents held in Company's Retirement Savings Plan as of March 31, 2026
- F6. Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
- F7. 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: 9,554 shares
Tax-withholding price: $30.58 per share
Option underlying shares 2027: 28,544 shares
+4 more
7 metrics
Tax-withholding shares
9,554 shares
Common stock delivered for tax obligations at $30.58 on Apr. 1, 2026
Tax-withholding price
$30.58 per share
Price used for 9,554-share tax-withholding dispositions
Option underlying shares 2027
28,544 shares
Common stock underlying options at $28.69, expiring 2027
Option exercise price 2027
$28.69
Exercise price for options on 28,544 shares
Option underlying shares 2028
18,952 shares
Common stock underlying options at $31.15, expiring 2028
Option exercise price 2028
$31.15
Exercise price for options on 18,952 shares
Direct common stock holding
184,480 shares
Common Stock direct holding entry as of Apr. 1, 2026
Key Terms
tax-withholding disposition, restricted stock award, Employee Stock Purchase Plan, Retirement Savings 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.
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.
Employee Stock Purchase Plan financial
"Shares in the Company's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Retirement Savings Plan financial
"Share equivalents held in Company's Retirement Savings Plan as of March 31, 2026"
exercise price financial
"exercisePrice": "28.6900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SBCF CEO Charles M. Shaffer report?
Charles M. Shaffer reported 9,554 shares of Seacoast Banking common stock disposed at $30.58 per share as tax-withholding dispositions. These transactions satisfied tax liabilities on equity awards and were not open‑market purchases or sales, per the Form 4 data.
Were SBCF CEO Charles M. Shaffer’s Form 4 transactions open-market sales?
No, the Form 4 classifies the 9,554 shares as tax-withholding dispositions with code F. This means shares were delivered to cover exercise price or tax liabilities tied to equity awards, rather than voluntary open-market selling of Seacoast Banking stock.
What equity awards and unvested restricted stock does SBCF’s CEO hold?
Footnotes describe multiple time-based restricted stock awards granted in 2023, 2024, and 2025, each vesting over three years in one‑third annual increments. Vesting is subject to continued employment and, for certain grants, the banking subsidiary meeting specified capital requirements.
What stock options does the SBCF CEO retain after these transactions?
The derivative holdings show stock options to buy 28,544 shares of Seacoast Banking at an exercise price of $28.69 expiring in 2027, and options for 18,952 shares at $31.15 expiring in 2028, all held as direct ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
