FORLENZA JOSEPH M 4

What Happened

• Joseph M. Forlenza, EVP & Chief Risk Officer of Seacoast Banking Corp. of Florida (SBCF), exercised 12,635 stock option/derivative shares at $31.15 per share (cost $393,580) on Feb 26, 2026, and sold the same 12,635 shares in the open market at a weighted average price of $32.90 per share (proceeds $415,692). The filings show both the exercise (acquisition) and the subsequent disposition of the underlying shares.

Key Details

• Transaction date: February 26, 2026.
• Exercise price/derivative conversion: $31.15 per share; total exercise cost reported $393,580.
• Sale: 12,635 shares sold at a weighted average price $32.90; total proceeds $415,692. Footnote F1: sale executed in multiple transactions at prices ranging $32.89–$32.95.
• Relevant footnotes: F6 indicates the options exercised were granted April 2, 2018 and vested over three years; F5 notes grants under the company's 2013 Incentive Plan. Filing references several unvested restricted stock awards (F2–F4) though those were not transacted here.
• Shares owned after transaction: not specified in the provided filing details.
• Timeliness: Form 4 filed Feb 27, 2026 for transactions on Feb 26, 2026 (appears timely).

Context

• This is an option exercise followed by an immediate or near-immediate sale of the same shares (commonly called a cashless exercise or exercise-and-sell). That pattern typically reflects exercising vested options to cover the exercise cost/taxes rather than a standalone buy or directional bet. The filings are factual disclosures of insider activity and do not, by themselves, indicate the insider’s broader view of the company.