SEACOAST BANKING CORP OF FLORIDA 10-Q

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities During the three month period ended March 31, 2024, the Company repurchased shares of its common stock as indicated in the following table: Period Total Number of Shares Purchased 1 Average Price Paid Per Share Total Number of Shares Purchased as part of Public Announced Plan Maximum Value of Shares that May Yet be Purchased Under the Plan (in thousands) 1/1/24 to 1/31/24 8,200 $ 28.46 — $ 100,000 2/1/24 to 2/29/24 1,596 24.14 — 100,000 3/1/24 to 3/31/24 — — — 100,000 Total - 1st Quarter 9,796 $ 27.67 — $ 100,000 1 Includes shares that were repurchased to pay for the exercise of stock options or for income taxes owed on vesting shares of restricted stock. These shares were not purchased under the Company’s stock repurchase plan to repurchase shares. On December 15, 2023, the Company’s Board of Directors authorized the renewal of the Company’s share repurchase program, under which the Company may, from time to time, purchase up to $100 million of its shares of outstanding common stock. Under the share repurchase program, which will expire on December 31, 2024, repurchases will be made, if at all, in accordance with applicable securities laws and may be made from time to time in the open market, by block purchase or by negotiated transactions. The amount and timing of repurchases, if any, will be based on a variety of factors, including share acquisition price, regulatory limitations, market conditions and other factors. The program does not obligate the Company to purchase any of its shares, and may be terminated or amended by the Board of Directors at any time prior to its expiration date. No shares of the Company’s common stock were repurchased under the program during the three months ended March 31, 2024. 52 T a b l e o f C o n t e n t s Item 3. Defaults upon Senior Securities None. Item 4. Mine Safety Disclosures None.