SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HUDSON DENNIS S III

(Last)

(First)

(Middle)

SEACOAST BANKING CORP. OF FLORIDA

P.O. BOX 9012

(Street)

STUART

34995

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SEACOAST BANKING CORP OF FLORIDA [ SBCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/19/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/19/2023		M		51,956	A	$14.82	271,164	D⁽¹⁾
Common Stock	12/19/2023		F⁽²⁾		36,101	D	$29.17	235,063	D⁽¹⁾
Common Stock	12/19/2023		M		50,000	A	$10.54	285,063	D⁽¹⁾
Common Stock	12/19/2023		F⁽³⁾		25,842	D	$29.17	259,221	D⁽¹⁾
Common Stock								1,862	D⁽⁴⁾
Common Stock								3,512	D⁽⁵⁾
Common Stock								9,356	D⁽⁶⁾
Common Stock								18,104	D⁽⁷⁾
Common Stock								32,198.788	D⁽⁸⁾
Common Stock								21,867	I	Held by Spouse in Trust
Common Stock								51,416	I	Held by Sherwood Partners, Ltd, family partnership

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Right to Buy⁽⁹⁾	$14.82	12/19/2023		M			51,956	⁽¹⁰⁾	02/28/2024	Common Stock	51,956	$0	0	D
Common Stock Right to Buy⁽¹¹⁾	$10.54	12/19/2023		M			50,000	04/29/2015⁽¹²⁾	04/29/2024	Common Stock	50,000	$0	0	D
Common Stock Right to Buy⁽⁹⁾	$31.15							⁽¹³⁾	04/02/2028	Common Stock	55,279		55,279	D
Common Stock Right to Buy⁽¹⁴⁾	$28.69							⁽¹³⁾	04/03/2027	Common Stock	78,021		78,021	D

Explanation of Responses:

1. Shares held in Trust.

2. The reporting person exercised 51,956 options as part of a cashless exercise whereby 36,101 shares were exchanged as payment for such options and applicable tax withholding, netting 15,855 shares.

3. The reporting person exercised 50,000 options as part of a cashless exercise whereby 25,842 shares were exchanged as payment for such options and applicable tax withholding, netting 24,158 shares.

4. Represents an unvested time-based restricted stock award granted on April 1, 2021, which shall vest over 3 years in one-third increments, beginning April 1, 2022 and on each anniversary thereafter, subject to continued employment.

5. Represents an unvested time-based restricted stock award granted on April 1, 2022, which shall vest over 3 years in one-third increments, beginning April 1, 2023, and on each anniversary thereafter, subject to continued employment.

6. Held in IRA.

7. Shares held jointly with spouse.

8. Represents shares held in the Company's Retirement Savings Plan as of September 30, 2023.

9. Granted pursuant to Company's 2013 Incentive Plan.

10. Originally has two tiered vesting. Performance criteria was met, and time-based vesting began on 12/1/2016. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in Continuous Service on each applicable vesting date.

11. Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.

12. Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment.

13. Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.

14. Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan

Remarks:

	/s/ Dennis S. Hudson, III	12/21/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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