Form 4: Shaffer Charles M reports acquisition/exercise transactions in SBCF
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shaffer Charles M reported acquisition or exercise transactions in a Form 4 filing for SBCF. The filing lists transactions totaling 21,843 shares. Following the reported transactions, holdings were 167,884 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Shaffer Charles M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,843 | $0.00 | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 167,884 shares (Direct);
Common Stock Right to Buy — 28,544 shares (Direct)
Footnotes (1)
- Represents shares subject to performance based restricted stock units ("PSU's") granted on April 1, 2023, that were subject to performance requirements which were attained over a period ending December 31, 2025. On February 10, 2026, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria, which will vest on December 31, 2026, provided the recipient remains in continuous service with the Company on the vesting date 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 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 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 Shares in the Company's Employee Stock Purchase Plan Share equivalents held in Company's Retirement Savings Plan as of December 31, 2025 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
FAQ
What insider transaction did SBCF CEO Charles Shaffer report on this Form 4?
Charles M. Shaffer reported receiving an equity award of 21,843 shares of Seacoast common stock on February 10, 2026. These shares stem from performance-based restricted stock units granted in 2023, with performance goals attained through December 31, 2025 and vesting scheduled for December 31, 2026.
What other equity awards for the SBCF CEO are disclosed in this Form 4?
The filing details several unvested time-based restricted stock awards granted in 2023, 2024, and 2025, vesting in one‑third annual installments over three years, subject to continued employment. It also notes shares in the employee stock purchase plan and share equivalents in the retirement savings plan.
How were the SBCF performance-based PSU results determined for this award?
The performance-based restricted stock units granted April 1, 2023 were tied to criteria measured through December 31, 2025. On February 10, 2026, the company’s Compensation and Governance Committee certified the number of shares attained based on those performance criteria, resulting in the 21,843-share award.