Carroll Austen 4

What Happened
Carroll Austen, EVP and Chief Lending Officer of Seacoast Banking Corp. of Florida (SBCF), had 2,011 shares disposed on April 1, 2026 to satisfy tax withholding related to vested restricted stock awards. The shares were disposed at $30.58 per share for a total value of $61,496 (three separate withholdings of 342, 1,286 and 383 shares).

Key Details

• Transaction date: 2026-04-01; Filing date (Form 4): 2026-04-03. No late filing flag indicated.
• Price: $30.58 per share. Total shares disposed: 2,011; total value ≈ $61,496.
• Transaction code F (Payment of exercise price or tax liability) — these were tax-withholding dispositions tied to vesting, not a normal open-market sell for investment.
• Footnotes indicate the shares came from unvested time-based restricted stock awards granted on 4/1/2023 (F1), 4/1/2024 (F2), and 4/1/2025 (F3); each award vests in one-third increments annually, subject to continued employment.
• Shares owned after the transaction: not disclosed in the provided report.

Context
These disposals are routine tax-withholding actions that occur when restricted stock awards vest. They do not necessarily signal a change in insider conviction like an open-market sale might, as they are a mechanism to satisfy tax obligations. The filing shows the awards’ grant and vesting schedules (2023–2025 grants vesting in annual one-third tranches), and the April 1, 2026 dispositions align with scheduled vesting events.