Carroll Austen 4
Research Summary
AI-generated summary
Seacoast Banking (SBCF) EVP Carroll Austen Receives Award
What Happened Carroll Austen, Executive Vice President and Chief Lending Officer of Seacoast Banking Corp. of Florida (SBCF), received an award of 9,101 shares recorded on 2026-02-10 as a grant/award (code A) at $0.00 per share. The award represents performance-based restricted stock units (PSUs) tied to performance periods ending 12/31/2025; the Company’s Compensation & Governance Committee certified attainment on 2/10/2026. These shares will vest on 12/31/2026 provided Austen remains in continuous service on the vesting date.
Key Details
- Transaction date: 2026-02-10; filing date: 2026-02-11 (no late filing indicated).
- Reported grant: 9,101 shares at $0.00 (award/PSU), total cash outlay by insider: $0.
- Vesting: PSU performance was certified; vesting scheduled for 12/31/2026 subject to continued employment.
- Additional awards referenced in filing:
- F2: unvested time-based restricted stock from 4/1/2023 vesting in 3 annual installments beginning 4/1/2024.
- F3: unvested time-based restricted stock from 4/1/2024 vesting in 3 annual installments beginning 4/1/2025.
- F4: unvested time-based restricted stock from 4/1/2025 vesting in 3 annual installments beginning 4/1/2026.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context This is an equity award (PSUs/time-based RSUs), not an open-market purchase or sale; the $0 grant price means no cash was paid by the insider. Awards like PSUs are compensation tied to company performance and service — they do not necessarily indicate immediate buying or selling intent.