SHEAROUSE JOSEPH B III 4
Research Summary
AI-generated summary
SBCF Director Joseph Shearouse III Buys 700 Shares
What Happened
- Joseph B. Shearouse III, a director of SEACOAST BANKING CORP OF FLORIDA (SBCF), purchased 700 shares on 2026-02-23 at $32.13 per share, for a total reported cost of $22,488. The filing shows the shares are held in an IRA (footnote F1). This was a purchase (code P), which is a direct acquisition rather than a sale or option exercise.
Key Details
- Transaction date: 2026-02-23
- Price per share: $32.13; Total value: $22,488
- Transaction type: Open market or private purchase (code P)
- Footnote: F1 — shares held in an IRA
- Filing date: 2026-02-24 (timely filing; not flagged as late)
- Shares owned after transaction: not disclosed in the provided filing
Context
- Purchases by directors can signal confidence, but holdings in an IRA are retirement-account transactions and do not necessarily indicate short-term trading intent. This report documents a straightforward buy; there is no indication of option exercise, gift, or tax withholding in this filing.