Seacoast (SBCF) EVP awarded 6,370 performance-based common shares
Rhea-AI Filing Summary
Seacoast Banking Corp of Florida executive James C. Stallings III, EVP and Chief Credit Officer, reported an acquisition of 6,370 shares of common stock on February 10, 2026, at $0 per share as a grant or award.
The award relates to performance-based restricted stock units granted April 1, 2023, for which performance goals through December 31, 2025 were certified, and the shares are scheduled to vest on December 31, 2026, subject to continued service. The filing also lists separate unvested time-based restricted stock awards from 2023, 2024, and 2025 that vest in one-third increments over three years, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,370 shares
Net Buy
4 txns
Insider
STALLINGS JAMES C III
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,370 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,973 shares (Direct)
Footnotes (4)
- F1. 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
- F2. 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
- 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 on April 1, 2025, and on each anniversary thereafter, subject to continued employment
- F4. 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
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FAQ
What insider transaction did SBCF executive James C. Stallings III report?
He reported receiving a grant of 6,370 shares of Seacoast Banking Corp of Florida common stock on February 10, 2026 at $0 per share. This was characterized as a grant or award acquisition rather than an open-market purchase.
How is continued employment linked to James C. Stallings’ SBCF equity awards?
Both the performance-based award vesting on December 31, 2026 and the time-based restricted stock awards from 2023–2025 require continued employment. Time-based awards vest in one-third annual increments over three years beginning with the stated initial vesting dates.
What time-based restricted stock awards does SBCF’s EVP have outstanding?
He has unvested time-based restricted stock awards granted April 1, 2023, April 1, 2024, and April 1, 2025. Each grant vests in one-third increments annually over three years, starting on April 1 of the year following grant, subject to continued employment.