Coastal Financial director covers taxes with shares
Coastal Financial Corp director and CCBX president Brian T. Hamilton reported a tax-withholding disposition of 1,792 shares of common stock on March 30, 2026.
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Form Type
4
Rhea-AI Filing Summary
Coastal Financial Corp director and CCBX president Brian T. Hamilton reported a tax-withholding disposition of 1,792 shares of common stock on March 30, 2026. The shares were delivered at $73.7252 per share to cover withholding taxes upon partial vesting of performance share units, under a Rule 10b5-1 trading plan.
After this transaction, Hamilton directly holds 78,108 shares, which include restricted stock units and performance-based RSUs granted under the 2018 Omnibus Incentive Plan that may vest over time and convert into common stock.
Insider Trade Summary 10b5-1
Exercise Price or Tax Liability: 1,792 shares
Exercise Price or Tax Liability
1 txn
Insider
Hamilton Brian T
Role
President of CCBX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,792 | $73.7252 | $132K |
Holdings After Transaction:
Common Stock — 78,108 shares (Direct)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.
- F2. Represents shares sold in payment of withholding taxes upon partial vesting of PSUs.
- F3. Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 14,536 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) 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. (4) 502 RSUs that vest in three approximately equal annual remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.
Key Figures
Shares disposed for taxes: 1,792 shares
Price per share: $73.7252 per share
Shares held after transaction: 78,108 shares
+4 more
7 metrics
Shares disposed for taxes
1,792 shares
Tax-withholding disposition on March 30, 2026
Price per share
$73.7252 per share
Value used for the 1,792-share tax payment
Shares held after transaction
78,108 shares
Direct holdings following tax-withholding disposition
RSUs vesting monthly
14,536 RSUs
Vesting monthly in approximately equal amounts through April 30, 2028
Four-year RSU grant
2,714 RSUs
Vest in approximately equal installments over 4 years
Performance-based RSUs
15,000 RSUs
Eligible to vest on April 30, 2028, subject to conditions
Additional RSUs
502 RSUs
Vest in three approximately equal annual remaining installments
Key Terms
Rule 10b5-1 plan, withholding taxes, performance share units, restricted stock units (RSUs), +2 more
6 terms
Rule 10b5-1 plan financial
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
withholding taxes financial
"Represents shares sold in payment of withholding taxes upon partial vesting of PSUs."
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.
restricted stock units (RSUs) financial
"Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 14,536 restricted stock units (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, subject to continuous employment"
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.
Omnibus Incentive Plan financial
"Includes the following 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CCB director Brian T. Hamilton report?
Brian T. Hamilton reported disposing of 1,792 shares of Coastal Financial common stock. The shares were used to pay withholding taxes tied to partial vesting of performance share units, rather than an open-market sale, and were effected under a pre-established Rule 10b5-1 trading plan.
What equity awards are included in Brian T. Hamilton’s CCB holdings?
Hamilton’s holdings include 14,536 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over four years, 15,000 performance-based RSUs eligible to vest on April 30, 2028, and 502 RSUs vesting in three annual installments, each representing one share upon vesting.
What is the significance of the Rule 10b5-1 plan in this CCB filing?
The filing notes that the reported sales occurred under a Rule 10b5-1 plan adopted by the insider. Such plans pre-schedule transactions, indicating the timing of this tax-withholding disposition was set in advance rather than being based on real-time market conditions or discretionary trading decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
