Arriola Eduardo J 4
Research Summary
AI-generated summary
Seacoast Banking (SBCF) Director Eduardo Arriola Sells 73 Shares
What Happened
- Eduardo J. Arriola, a director of Seacoast Banking Corp. of Florida (SBCF), had 73 shares disposed on April 1, 2026 to satisfy a tax liability related to a restricted stock award. The shares were disposed at $30.58 per share for total consideration of approximately $2,232. This was a tax-withholding disposition (transaction code F), not an open-market investment sell decision.
Key Details
- Transaction date: 2026-04-01; Form filed: 2026-04-03 (timely).
- Action: Payment of tax liability / shares withheld (F).
- Price and amount: 73 shares × $30.58 = ~$2,232.
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnotes: F1 = unvested time‑based restricted stock award (granted 4/1/2024; vests over 3 years in 1/3 increments starting 4/1/2025, subject to continued employment). F2 = holdings in an IRA. F3 = holdings in Seacoast’s Directors Deferred Compensation Plan.
Context
- This was a routine tax‑withholding sale tied to the vesting of restricted stock (not a market sale indicating a change in view). Such transactions are common when shares vest and taxes are due; they do not necessarily signal the director’s market sentiment.