Banking
Seacoast Banking Corp of Florida Executive Compensation (FY25)
SBCF · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 20, 2026
259 figures on this page: 249 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Companies named in the disclosed peer group include Ameris Bancorp, Atlantic Union Bankshares, BancFirst Corp., CVB Financial Corp. and Enterprise Financial Services, among others. Separately, Charles Shaffer, Chairman and Chief Executive Officer, received $4,481,361 in total compensation for fiscal 2025, and compared with the $3,860,417 reported for fiscal 2024, Shaffer's total was 16.1% higher, while for fiscal 2025, the company reported a chief executive pay ratio of 61:1, against median employee compensation of $73,673. For fiscal 2025, shareholders backed the say-on-pay proposal with 98.0% of votes cast for or against in favor at the meeting held May 20, 2026.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Charles Shaffer: $3,860,417 → $4,481,361 (16.1% higher)
Say-on-pay support: 61.0% → 98.0% (37.0 points higher)
CEO pay ratio: 54:1 → 61:1 (13.0% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Seacoast Banking Corp of Florida's chief executive and what were they paid?
Charles Shaffer, Chairman and Chief Executive Officer, received $4,481,361 in total compensation for fiscal 2025. Compared with the $3,860,417 reported for fiscal 2024, Shaffer's total was 16.1% higher.
What was Seacoast Banking Corp of Florida's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.0% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in Seacoast Banking Corp of Florida's peer group?
Companies named in the disclosed peer group include Ameris Bancorp, Atlantic Union Bankshares, BancFirst Corp., CVB Financial Corp. and Enterprise Financial Services, among others.
What is Seacoast Banking Corp of Florida's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 61:1, against median employee compensation of $73,673.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Charles Shaffer Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Juliette Kleffel EVP, Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Austen Carroll EVP, Chief Lending Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Tracey Dexter EVP, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Joseph Forlenza EVP, Chief Risk Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Charles Shaffer Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Juliette Kleffel Executive Vice President, Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Austen Carroll Executive Vice President, Chief Lending Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Tracey Dexter Executive Vice President, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Joseph Forlenza Executive Vice President, Chief Risk Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Charles Shaffer Chairman and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Juliette Kleffel Executive Vice President, Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Austen Carroll Executive Vice President, Chief Lending Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Tracey Dexter Executive Vice President, Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Joseph Forlenza Executive Vice President, Chief Risk Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Austen D. Carroll | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Austen D. Carroll | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Charles M. Shaffer | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Charles M. Shaffer | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Joseph M. Forlenza | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Joseph M. Forlenza | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Juliette P. Kleffel | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Juliette P. Kleffel | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Tracey L. Dexter | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Tracey L. Dexter | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Joseph Forlenza | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Charles Shaffer | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Juliette Kleffel | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Tracey Dexter | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Austen Carroll | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Maryann Goebel | ◇ | ◇ | — | — | — | — | ◇ |
Alvaro J. Monserrat | ◇ | ◇ | — | — | — | — | ◇ |
Christopher E. Fogal Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Robert J. Lipstein | ◇ | ◇ | — | — | — | — | ◇ |
Dennis J. Arczynski | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dennis S. Hudson, III | ◇ | ◇ | — | — | — | — | ◇ |
Jacqueline L. Bradley | ◇ | ◇ | — | — | — | — | ◇ |
Thomas E. Rossin | ◇ | ◇ | — | — | — | — | ◇ |
Joseph B. Shearouse, III | ◇ | ◇ | — | — | — | — | ◇ |
H. Gilbert Culbreth, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Eduardo J. Arriola | ◇ | ◇ | — | — | — | — | ◇ |
Kathleen B. Kay, Charles M. Shaffer, Michael E. Griffin and Randolph A. Moore, III served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Ameris Bancorp ABCB
- Atlantic Union Bankshares AUB
- BancFirst Corp. BANF
- CVB Financial Corp. CVBF
- Enterprise Financial Services EFSC
- FB Financial Corp. FBK
- First Bancorp FBNC
- First Busey Corp. BUSE
- First Interstate BancSystem, Inc. FIBK
- First Merchants Corp. FRME
- Fulton Financial Corp. FULT
- Independent Bank Corp. INDB
- OceanFirst Financial Corp. OCFC
- Prosperity Bancshares, Inc. PB
- Renasant Corp. RNST
- ServisFirst Bankshares, Inc. SFBS
- Simmons First National SFNC
- TowneBank TOWN
- Trustmark Corporation TRMK
- United Community Banks, Inc. UCB
- WesBanco, Inc. WSBC
- WSFS Financial Corporation WSFS
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 20, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 19, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 21, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 22, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 24, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 26, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 27, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 24, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 24, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 25, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Seacoast Banking Corp of Florida disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Seacoast Banking Corp of Florida sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
259 figures on this page: 249 cited to the filing that reported them, 10 calculated from figures it prints.
249 cited to the filing
10 calculated from the filing
Documents cited
- 0001628280-26-036953Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001628280-26-0246902025 Director Compensation Table · 2025 GRANTS OF PLAN-BASED AWARDS · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · and 2 more sections
- 0000730708-25-000131
- 0000730708-25-0000972024 SUMMARY COMPENSATION TABLE
- 0000730708-24-000141Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000730708-24-0001022023 SUMMARY COMPENSATION TABLE
- 0000730708-23-000031Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000730708-22-000043Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000730708-21-000042Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000730708-20-000030Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-19-028646
- 0001144204-18-031734Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-17-029880Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Seacoast Banking Corp of Florida executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/SBCF (accessed 2026).
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Peers Seacoast Banking Corp of Florida discloses
The companies named in SBCF's own disclosed peer group.
Ameris BancorpAtlantic Union BanksharesBancFirst Corp.CVB Financial Corp.Enterprise Financial ServicesFB Financial Corp.First BancorpFirst Busey Corp.First Interstate BancSystem, Inc.First Merchants Corp.Fulton Financial Corp.Independent Bank Corp.OceanFirst Financial Corp.Prosperity Bancshares, Inc.Renasant Corp.ServisFirst Bankshares, Inc.Simmons First NationalTowneBankTrustmark CorporationUnited Community Banks, Inc.WesBanco, Inc.WSFS Financial Corporation
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}