HUDSON DENNIS S III 4
Research Summary
AI-generated summary
Seacoast Banking (SBCF) Director Dennis S. Hudson III Sells 8,000 Shares
What Happened
Dennis S. Hudson III, a director of Seacoast Banking Corp. of Florida (SBCF), sold 8,000 shares on June 16, 2026. The reported weighted-average price was $31.41, for total proceeds of approximately $251,280. The sale was reported as an open-market/private sale (transaction code S).
Key Details
- Transaction date: 2026-06-16; filing date: 2026-06-17 (timely filed).
- Price: weighted average $31.41; actual trade prices ranged $31.20–$31.64 (multiple transactions).
- Total proceeds: ~$251,280.
- Shares owned after transaction: not specified in the excerpt of this filing.
- Notable footnotes: sale was executed pursuant to a Rule 10b5-1 trading plan adopted Nov 21, 2025; reporting person can provide detailed per-price breakdown upon request. Other footnotes describe holding types (trust, joint, retirement plan, IRA) and plan/vesting language unrelated to this sale.
Context
This sale was made under a pre-established 10b5-1 plan, which is a prearranged trading program that can reduce the implication that the sale reflects the insider’s current view of the company. Sales by directors can be routine (e.g., for diversification or liquidity) and are generally less informative than insider purchases about management’s sentiment.