Coastal Financial CRO has 68 shares withheld for tax
Coastal Financial Corp Chief Risk Officer Elizabeth Ann Sarvela reported a tax-related share disposition tied to restricted stock unit vesting.
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Form Type
4
Rhea-AI Filing Summary
Coastal Financial Corp Chief Risk Officer Elizabeth Ann Sarvela reported a tax-related share disposition tied to restricted stock unit vesting. On this date, 68 shares of common stock were withheld at $75.80 per share to cover withholding taxes upon partial vesting of RSUs.
After this withholding, she directly holds 3,293 shares of common stock, including 2,168 time-based restricted stock units granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan that will vest in remaining annual installments.
Insider Trade Summary
Exercise Price or Tax Liability: 68 shares
Exercise Price or Tax Liability
1 txn
Insider
Sarvela Elizabeth Ann
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 68 | $75.80 | $5K |
Holdings After Transaction:
Common Stock — 3,293 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs.
- F2. Includes 2,168 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 191 RSUs vest in one remaining annual installment; 658 RSUs vest in approximately two equal remaining annual installments; 434 RSUs vest in approximately three equal remaining annual installments and 885 RSUs vest in approximately four equal remaining installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
Key Figures
Tax-withheld shares: 68 shares
Withholding price: $75.80 per share
Shares after transaction: 3,293 shares
+2 more
5 metrics
Tax-withheld shares
68 shares
Withheld to cover RSU-related withholding taxes
Withholding price
$75.80 per share
Value used for 68 shares withheld for taxes
Shares after transaction
3,293 shares
Total common shares directly held after tax withholding
Unvested RSUs
2,168 RSUs
Time-based RSUs under 2018 Omnibus Incentive Plan
RSUs vesting pattern
191 / 658 / 434 / 885 units
RSUs vest over one, two, three, and four remaining annual installments
Key Terms
restricted stock units, withholding taxes, 2018 Omnibus Incentive Plan, time-based restricted stock units
4 terms
restricted stock units financial
"Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
2018 Omnibus Incentive Plan financial
"Includes 2,168 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."
time-based restricted stock units financial
"Includes 2,168 time-based restricted stock units (RSUs) 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Coastal Financial (CCB) report for Elizabeth Ann Sarvela?
Coastal Financial reported that Chief Risk Officer Elizabeth Ann Sarvela had 68 common shares withheld to cover taxes on partially vesting RSUs. This tax-withholding disposition reflects shares delivered to satisfy obligations, not an open-market sale or purchase of stock.
What restricted stock units does the Coastal Financial (CCB) CRO hold after vesting?
After the reported vesting event, Elizabeth Ann Sarvela holds 2,168 time-based restricted stock units. The filing explains these RSUs vest in one, two, three, and four remaining annual installments, each unit representing the right to receive one Coastal Financial common share upon vesting.
Which equity plan governs the CRO’s Coastal Financial (CCB) RSU awards?
The restricted stock units are issued under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan provides time-based RSUs that vest over several annual installments, with each vested unit entitling the holder to receive one share of common stock from the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
