Soto Brandon John 4
4 · COASTAL FINANCIAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Coastal Financial (CCB) CFO Brandon Soto Receives RSU Award
What Happened Brandon John Soto, Chief Financial Officer of Coastal Financial Corporation (CCB), was awarded 673 restricted stock units (RSUs) on 2026-03-11. The RSUs were granted at $0.00 per unit (reported acquisition value $0). These are time‑based RSUs that convert to one share of common stock upon vesting and are not an open‑market purchase or sale.
Key Details
- Transaction date and price: 2026-03-11; 673 RSUs granted at $0.00 (aggregate reported value $0).
- Vesting: Footnote F1 — the 673 RSUs vest in approximately equal installments over four years; each RSU equals one share when vested.
- Additional awards: Footnote F2 notes the filing includes other awards granted under the 2018 Omnibus Incentive Plan (18,000 RSUs vesting in roughly four annual equal remaining installments, and 15,000 performance‑based RSUs eligible to vest Oct 1, 2026–2029 subject to continued employment and stock‑price conditions).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Report filed 2026-03-13 for a 2026-03-11 grant — appears to be filed timely (within the typical two business‑day Form 4 window).
- No 10b5-1 plan, tax‑withholding, or immediate sale reported for these units.
Context This was an equity award (grant of RSUs), not a purchase or sale. Time‑based RSUs vest over multiple years, so they represent future potential share delivery tied to continued employment; performance RSUs require meeting stock‑price and service conditions before vesting. Such grants are common components of executive compensation and do not by themselves indicate immediate insider buying or selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-11+673→ 33,673 total
Footnotes (2)
- [F1]Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in approximately equal installments over four years. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
- [F2]Includes the following stock awards granted pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 18,000 restricted stock units (RSUs) that vest in approximately four annual and equal remaining installments (2) 673 RSUs that vest in approximately equal installments over 4 years and (3) 15,000 performance-based RSUs which are eligible to vest beginning October 1, 2026 until October 1, 2029, the quantity of which is subject to continuous employment and achievement of certain stock price conditions.