Jacqueline L. Bradley
SEACOAST BANKING CORP OF FLORIDAAbout Jacqueline L. Bradley
Independent Class I director (age 67) with tenure at Seacoast Banking Corporation of Florida since 2015 and Seacoast National Bank since 2014. She is a member of the Corporate Development Committee at the Company and chairs the Bank’s Trust & Wealth Management Committee. Bradley holds a B.A. in Economics and Political Science from Yale and an MBA from Columbia (Finance/Marketing), with a 20+ year financial services career spanning SunTrust (SVP, Private Client Group), Moody’s (VP, 8 years), and consulting with McKinsey and Touche Ross .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BankFIRST | Director | 2005–2014 | Special Assets Committee; Audit Committee |
| SunTrust Bank (Central Florida) | Senior Vice President, Private Client Group | 1999–2002 | Led private client business |
| Moody’s Investors Service | Vice President | 8 years (dates not specified) | Credit/ratings expertise |
| McKinsey & Co.; Touche Ross | Consultant | 3 years (consulting) | Strategy/operations consulting |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Tampa Electric Company (TECO), wholly-owned subsidiary of Emera Inc. (EMRAF) | Director | Since 2020 | Energy utility governance; Emera is publicly traded |
| Lafayette Square BDCs (affiliates of Lafayette Square Holding Co.) | Independent Director; Audit Committee Chair | Since 2021 | Oversees audit; impact investing focus |
| Boys & Girls Club of Central Florida | Director; Chair (2002–2003) | Ongoing | Community engagement |
| The Studio Museum in Harlem | Board Member | Ongoing | Arts/culture governance |
| Greater Orlando Aviation Authority | Vice Chair (prior service) | Prior | Transportation oversight |
| Central Florida Expressway Authority; Orange County Tourist Development Council | Finance committee; member (prior service) | Prior | Infrastructure/tourism finance |
| Florida Arts Council; Cornell Museum of Fine Arts | Board roles (prior service) | Prior | Arts governance |
Board Governance
- Independence: Bradley is affirmatively determined independent under Nasdaq rules; 75% of the Board met Nasdaq independence criteria in 2024 .
- Board classification: Class I; current term expires at the 2027 annual meeting .
- Committee assignments (Company): Corporate Development Committee member; the CDC met 4 times in 2024 .
- Bank-level: Chairs the Bank’s Trust & Wealth Management Committee .
- Attendance: All directors attended at least 75% of Board and committee meetings in 2024 (6 regular, 1 special Board meetings) .
- Executive sessions: Independent directors met in executive session two times in 2024; Lead Independent Director is Christopher E. Fogal .
Fixed Compensation
| Component (2024) | Amount | Notes |
|---|---|---|
| Cash Retainer | $45,000 | Paid quarterly; directors may elect stock/options in lieu of cash |
| Committee Chair Retainer | $25,000 | Applies to chairs of committees (excluding CGC) including Bank subsidiary committees; pro-rated for rotations |
| Total Cash Fees Earned (Bradley) | $70,000 | Base + chair retainer reflected in 2024 director table |
| Annual Stock Award | $62,500 | Granted post-annual meeting; same as 2023 |
| Additional Stock Award (Dec 2024) | $25,000 | Workload recognition; increased 2024 stock retainer to $87,500 |
| Total Stock Awards (Bradley) | $87,508 | Grant date fair value; shares were deferred into the DDCP |
| Total 2024 Director Compensation (Bradley) | $157,508 | Cash + stock awards |
Stock grant detail:
- Grants: 2,245 shares on 7/31/2024; 848 shares on 12/10/2024; Bradley deferred these into the Directors’ Deferred Compensation Plan (DDCP) .
Performance Compensation
- Non-employee director compensation is not performance-based; directors receive fixed cash retainers, chair retainers, and annual stock grants, with optional elections to receive cash in stock or options; no director took options in 2024 .
- Company-level executive incentive metrics overseen by the Board/CGC include ROATA, EPS, and customer acquisition (short-term), and relative average annual EPS growth and ROATE (long-term PSUs), with Tier 1 capital compliance gating payout; this informs broader pay-for-performance governance but does not apply to director pay .
Other Directorships & Interlocks
| Area | Detail |
|---|---|
| Other public company boards | TECO (subsidiary board of Emera Inc., a public utility holding company) |
| Compensation/governance interlocks | CGC notes no interlocking relationships requiring SEC disclosure among its members; Bradley is not on CGC |
| Requirement to notify before joining other boards | Non-employee directors must advise before accepting other public company board or audit/comp committee roles |
Expertise & Qualifications
- Financial services and banking leadership: SunTrust Private Client Group (SVP); prior BankFIRST board service (Special Assets; Audit) .
- Capital markets and credit: 8 years as Moody’s VP .
- Governance and audit oversight: Audit chair at Lafayette Square BDCs; Bank Trust & Wealth Committee chair .
- Community and stakeholder engagement: Multiple civic/arts boards (Boys & Girls Club, Studio Museum) .
- Education: Yale BA; Columbia MBA (Finance/Marketing) .
Equity Ownership
| Item | Amount/Status |
|---|---|
| Total beneficial ownership (Record Date: March 24, 2025) | 41,546 shares; less than 1% of outstanding |
| Shares outstanding (Record Date) | 85,614,460 |
| DDCP (deferred) shares | 26,043 (no voting/dispositive power until distribution) |
| Stock options outstanding | 8,503 (exercisable within 60 days of Record Date) |
| Ownership guideline | Directors must hold ≥3x annual retainer within 4 years; all directors meet/exceed minimum |
| Hedging/pledging | Hedging prohibited; pledging requires pre-approval; capped at $250,000 in pledged value |
Governance Assessment
- Strengths: Independent status; chair of Bank Trust & Wealth Committee signals engagement with fiduciary oversight; ≥75% attendance; meaningful financial services and audit credentials; strong ownership alignment through DDCP and equity grants; compliance with robust director stock ownership and anti-hedging/pledging policies .
- Compensation mix: Balanced cash ($70k) and equity ($87,508) in 2024; additional $25k stock award recognized heightened workload—positive alignment with peers and workload rather than guaranteed cash escalation .
- Potential conflicts/related-party: No related-party transactions disclosed for Bradley; the Company’s Related Party Transaction Policy and Audit Committee oversight mitigate risk; only disclosed 2024 related-party purchase involved another director’s dealership, approved by Audit Committee .
- Signals: Option holdings are legacy and not increased in 2024 (no directors took options in 2024), reducing risk of option repricing optics; equity deferral into DDCP enhances long-term alignment . Executive sessions and lead independent director framework support board effectiveness; independent directors met twice in 2024 .
- RED FLAGS: None disclosed for Bradley regarding pledging, hedging, related-party dealings, or attendance shortfalls; Section 16(a) delinquency list did not include Bradley in 2024 .
Insider Compliance
| Item | Status |
|---|---|
| Section 16(a) filings | Company disclosed certain late Form 4s in April 2024 for named executives; Bradley not listed—no late filings disclosed for her in 2024 |
| Director option elections (2024) | No directors elected to receive stock options for 2024 cash compensation |
Notes on Director Compensation Structure
- 2025 changes: Program unchanged for retainers and stock awards; added annual committee member cash retainers—Audit/CGC/ERMC $10,000; ITC $7,500; CDC $5,000—to reflect workload; enhances pay-for-responsibility transparency (applies broadly, not Bradley-specific unless she serves) .