Stines Andrew G 4
4 · COASTAL FINANCIAL CORP · Filed Feb 7, 2024
Insider Transaction Report
Form 4
Stines Andrew G
EVP, Chief Risk Officer
Transactions
- Award
Common Stock
2024-02-05+2,784→ 15,232 total - Sale
Common Stock
2024-02-05$38.00/sh−790$30,020→ 14,442 total
Footnotes (3)
- [F1]Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on February 5, 2025. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
- [F2]Represents shares sold to cover tax liability for vesting RSUs.
- [F3]Includes 7,250 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 2,784 of which vest in four approximately equal annual installments; 1,861 of which vest in three approximately equal annual installments; and 2,605 of which vest in two approximately equal annual installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting. Also includes 2,000 shares of restricted awards that vest in four approximately equal remaining annual installments.