Coastal Financial CCO reports 12,050-share stake
Coastal Financial Corp Chief Credit Officer Freddy I. Rivas reported beneficial ownership of 12,050 shares of common stock.
Rhea-AI Filing Summary
Coastal Financial Corp Chief Credit Officer Freddy I. Rivas reported beneficial ownership of 12,050 shares of common stock. This position includes 3,689 time-based restricted stock units granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan, vesting in four remaining installments.
The holding also includes 8,250 performance-based restricted stock units that are eligible to vest between July 31, 2026 and July 31, 2029, depending on the achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rivas Freddy I
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,050 shares (Direct)
Footnotes (1)
- F1. Includes 3,689 time-based restricted stock units (RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. These 3,689 RSUs vest in four approximately equal remaining installments. Also includes 8,250 performance-based restricted stock units, which are eligible to vest during the period beginning July 31, 2026 and ending July 31, 2029, with the number of units that vest dependent on the achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
Key Figures
Total common stock beneficially owned: 12,050 shares
Time-based RSUs: 3,689 units
Performance-based RSUs: 8,250 units
+2 more
5 metrics
Total common stock beneficially owned
12,050 shares
Reported holding for Freddy I. Rivas
Time-based RSUs
3,689 units
Granted under 2018 Omnibus Incentive Plan; vest in four remaining installments
Performance-based RSUs
8,250 units
Eligible to vest from July 31, 2026 to July 31, 2029 based on performance goals
Vesting start date for performance RSUs
July 31, 2026
Beginning of eligibility period for performance-based vesting
Vesting end date for performance RSUs
July 31, 2029
End of eligibility period for performance-based vesting
Key Terms
time-based restricted stock units, performance-based restricted stock units, 2018 Omnibus Incentive Plan, restricted stock unit
4 terms
time-based restricted stock units financial
"Includes 3,689 time-based restricted stock units (RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
performance-based restricted stock units financial
"Also includes 8,250 performance-based restricted stock units, which are eligible to vest during the period beginning July 31, 2026 and ending July 31, 2029,"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2018 Omnibus Incentive Plan financial
"RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."
restricted stock unit financial
"Each restricted stock unit represents the right to receive one share of common stock upon vesting."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position did CCB’s Chief Credit Officer report?
Freddy I. Rivas reported beneficial ownership of 12,050 shares of Coastal Financial Corp common stock. This total includes both time-based and performance-based restricted stock units that may convert into common shares as they vest over time.
How many time-based RSUs does CCB’s Chief Credit Officer hold?
Freddy I. Rivas holds 3,689 time-based restricted stock units (RSUs). These RSUs were granted under the 2018 Omnibus Incentive Plan and vest in four approximately equal remaining installments, gradually converting into common shares if service-based conditions are met.
What performance-based RSUs are reported by CCB’s Chief Credit Officer?
The filing shows 8,250 performance-based restricted stock units for Freddy I. Rivas. These units are eligible to vest from July 31, 2026 through July 31, 2029, with actual vesting based on achievement of specified performance goals set by the company.
What plan governs the RSUs held by CCB’s Chief Credit Officer?
Both time-based and performance-based RSUs for Freddy I. Rivas were granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan provides equity-based awards that can convert into common stock as vesting and performance conditions are satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
