EVP Stallings of Seacoast Banking (SBCF) sells 7,552 common shares at $31.16
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SEACOAST BANKING CORP OF FLORIDA EVP and Chief Credit Officer James C. Stallings III sold 7,552 shares of Common Stock in an open-market transaction at a weighted average price of $31.16 per share. Following this sale, he directly holds 7,247 shares of common stock. The sale price reflects multiple trades between $31.16 and $31.18. The filing also notes several unvested time-based restricted stock and restricted stock unit awards granted in April 2024, April 2025, and April 2026 that vest in one-third increments over three years, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,552 shares ($235,320)
Net Sell
4 txns
Insider
STALLINGS JAMES C III
Role
EVP, Chief Credit Officer
Sold
7,552 shs ($235K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,552 | $31.16 | $235K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,247 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from 31.16 to 31.18. 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. 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. 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 Represents unvested time based restricted stock units granted on April 15, 2026, which vests over 3 years in one-third increments, beginning on April 15, 2027, and on each anniversary thereafter subject to continued employment
Key Figures
Shares sold: 7,552 shares
Weighted average sale price: $31.16 per share
Shares held after sale: 7,247 shares
+1 more
4 metrics
Shares sold
7,552 shares
Open-market sale of Common Stock
Weighted average sale price
$31.16 per share
Open-market sale, with trades from $31.16 to $31.18
Shares held after sale
7,247 shares
Directly owned Common Stock following transaction
Net buy/sell shares
7,552 shares sold
Net-sell direction from transaction summary
Key Terms
weighted average price, restricted stock award, restricted stock units, open-market sale
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock award financial
"Represents an unvested time-based restricted stock award granted on April 1, 2024, which shall vest over 3 years"
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.
restricted stock units financial
"Represents unvested time based restricted stock units granted on April 15, 2026, which vests over 3 years"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did SBCF executive James C. Stallings III report?
James C. Stallings III reported an open-market sale of 7,552 shares of Seacoast Banking Corp of Florida common stock at a weighted average price of $31.16 per share. The trades occurred across multiple executions between $31.16 and $31.18.
What is James C. Stallings III’s role at Seacoast Banking (SBCF)?
James C. Stallings III serves as EVP and Chief Credit Officer at Seacoast Banking Corp of Florida. His Form 4 filing reflects personal holdings and equity awards, including common stock and unvested restricted stock and restricted stock units subject to continued employment.
What equity awards for SBCF does Stallings have that are still unvested?
Stallings holds several unvested time-based restricted stock and restricted stock unit awards granted in April 2024, April 2025, and April 2026. Each award vests in one-third increments annually over three years, contingent on his continued employment with Seacoast Banking.