SEACOAST BANKING CORP OF FLORIDA
For the period ended Mar 31, 2024. Filed May 8, 2024.
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Mar 31, 2024 · Filed May 8, 2024
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Item 5. Other Information
Trading arrangements
On February 29, 2024, Dennis S. Hudson, III, amember of the Company’s Board of Directors, adopted a written plan for the sale of our common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (the “Trading Plan”). The Trading Plan covers the sale of up to 60,000 shares of the Company’s common stock in several transactions over a period commencing after the later of (1) 91 days from the adoption of the Trading Plan or (2) the earlier of (a) the third business day following the public disclosure of the Company’s financial results on Form 10-Q for the quarter ended March 31, 2024, or (b) 121 days after the plan adoption date, and will cease upon the earlier of January 31, 2025 or the sale of all shares subject to the Trading Plan.
There were no other Rule 10b5-1 or non-Rule 10b5-1 trading arrangements adopted, modified orterminated by any director or officer of the Company during the three months ended March 31, 2024.
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