STALLINGS JAMES C III 4

What Happened

• James C. Stallings III, EVP and Chief Credit Officer of Seacoast Banking Corp. of Florida (SBCF), was awarded 6,370 shares on February 10, 2026. The Form 4 reports the acquisition price as $0.00 (a grant/award), so there was no cash purchase.
• These shares represent performance-based restricted stock units (PSUs) originally granted April 1, 2023; the Compensation and Governance Committee certified that the performance goals were met for the period ending Dec 31, 2025. The certified shares will vest on Dec 31, 2026 provided continued employment.

Key Details

• Transaction date: 2026-02-10; reported on Form 4 filed 2026-02-11 (timely filing).
• Shares awarded: 6,370; acquisition price reported: $0.00 (award/grant).
• Shares owned after transaction: not disclosed in the provided filing.
• Relevant footnotes:
  • F1: PSU grant originally awarded 4/1/2023; performance achieved and certified 2/10/2026; vesting deferred to 12/31/2026 subject to continued service.
  • F2–F4: The filing also references other unvested time-based restricted stock awards (grants in 2023, 2024, 2025) that vest in one-third annual installments, subject to continued employment.

Context

• This was an award/grant (code A), not an open-market buy or sale — it reflects compensation, not a direct market bet by the insider. Value to the insider will depend on SBCF’s share price at vesting and continued employment through the vesting date.
• Performance certification in Feb 2026 determines the number of PSUs earned, but the shares remain subject to future vesting conditions (service requirement to Dec 31, 2026).