Coastal Financial director withholds 232 shares
Hamilton’s tax withholding of 232 shares was carried out under a Rule 10b5-1 plan, leaving him with 66,654 shares.
Rhea-AI Filing Summary
COASTAL FINANCIAL CORP (CCB) reported that director and officer Brian T. Hamilton had 232 shares of common stock withheld on 2026-09-01 to pay withholding taxes upon partial vesting of restricted stock units (RSUs). The withholding price was $46.85 per share. After this tax-withholding disposition, Hamilton directly holds 66,654 shares, including RSUs granted under the 2018 Omnibus Incentive Plan. These include 11,047 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over 4 years, 502 RSUs vesting over 3 years, and 15,000 performance-based RSUs eligible to vest on April 30, 2028, subject to continuous employment and a return-on-equity goal relative to a peer group. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Tax Withholding: 232 shares
Tax Withholding
1 txn
Insider
Hamilton Brian T
Role
President of CCBX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2, F3 | 232 | $46.85 | $11K |
Holdings After Transaction:
Common Stock — 66,654 shares (Direct)
Footnotes (3)
- F1. Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs.
- F2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3. Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 11,047 restricted stock units (RSUs) with remaining shares vesting monthly in an approximately equal amount through April 30, 2028 (2) 2,714 RSUs that vest in approximately equal installments over 4 years (3) 502 RSUs that vest in approximately equal installments over 3 years (4) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. Each RSU represents the right to receive one share of common stock upon vesting.
Key Figures
Shares withheld for taxes: 232 shares of common stock
Withholding reference price: $46.85 per share
Shares held after transaction: 66,654 shares
+5 more
8 metrics
Shares withheld for taxes
232 shares of common stock
Withheld on 2026-09-01 for RSU tax withholding
Withholding reference price
$46.85 per share
Price used for the 232-share tax-withholding disposition
Shares held after transaction
66,654 shares
Total direct holdings following the 2026-09-01 transaction
Time-based RSUs (monthly vesting)
11,047 RSUs
Remaining RSUs vesting monthly through April 30, 2028
Four-year RSUs
2,714 RSUs
RSUs vesting in approximately equal installments over 4 years
Three-year RSUs
502 RSUs
RSUs vesting in approximately equal installments over 3 years
Performance-based RSUs
15,000 RSUs
Eligible to vest on April 30, 2028, subject to conditions
Performance ROE threshold
80% of comparator peer group
Return-on-equity requirement for performance-based RSU vesting
Key Terms
Rule 10b5-1 trading plan, restricted stock units (RSUs), performance-based RSUs, return on equity, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units (RSUs) financial
"Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
performance-based RSUs financial
"15,000 performance-based RSUs - eligible to vest on April 30, 2028"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
return on equity financial
"subject to continuous employment and achievement of return on equity that is at least 80%"
Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.
Omnibus Incentive Plan financial
"pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
FAQ
What transaction did Brian T. Hamilton report in this Form 4 for CCB?
Brian T. Hamilton reported a withholding of 232 CCB common shares on 2026-09-01 to pay withholding taxes on partial vesting of RSUs, at a reference price of $46.85 per share. This was a tax-related disposition, not an open-market trade.
Was the CCB Form 4 transaction under a Rule 10b5-1 trading plan?
Yes. The filing states that the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, and the document-level Rule 10b5-1 checkbox is affirmatively marked.
What RSU awards in CCB does Brian T. Hamilton have outstanding?
Hamilton’s holdings include 11,047 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over 4 years, 502 RSUs vesting over 3 years, and 15,000 performance-based RSUs eligible to vest on April 30, 2028, all under the 2018 Omnibus Incentive Plan.
What performance condition applies to Brian T. Hamilton’s performance-based RSUs in CCB?
The 15,000 performance-based RSUs are eligible to vest on April 30, 2028, subject to Hamilton’s continuous employment and the company achieving a return on equity that is at least 80% of a designated comparator peer group.
AI-generated analysis. How Rhea-AI works. Not financial advice.
