CoastalSouth (COSO) CAO granted 4,000 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoastalSouth Bancshares, Inc. reported that its Chief Accounting Officer, Lauren M. Hemby, received a grant of 4,000 restricted stock units (RSUs) on February 11, 2026. These RSUs are a form of equity compensation that convert into common stock on a one-for-one basis.
The award vests in three annual installments: 33.3% on February 11, 2027, 33.3% on February 11, 2028, and 33.4% on February 11, 2029. Following this grant, Hemby directly holds 4,000 RSUs, aligning her interests more closely with shareholders over the multi-year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hemby Lauren M.
Role
CHIEF ACCOUNTING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,000 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSU") convert into shares of the issuer's common stock on a one-for-one basis. The RSUs vest 33.3% on 2/11/2027, 33.3% of 2/11/2028, and 33.4% on 2/11/2029.
FAQ
How many restricted stock units were granted to Lauren Hemby at CoastalSouth (COSO)?
Lauren M. Hemby was granted 4,000 restricted stock units. These RSUs convert on a one-for-one basis into CoastalSouth Bancshares common stock as they vest, creating a direct link between her compensation and future company performance and share price over the vesting schedule.
What is the vesting schedule for the 4,000 RSUs granted at CoastalSouth (COSO)?
The 4,000 RSUs vest in three annual tranches. 33.3% vest on February 11, 2027, another 33.3% on February 11, 2028, and the remaining 33.4% on February 11, 2029, encouraging longer-term retention and alignment with shareholders.
Do the CoastalSouth (COSO) RSUs granted to the CAO have an exercise price?
The restricted stock units were granted at a price of $0.00 per unit, meaning there is no exercise price. When the RSUs vest, they convert into an equal number of common shares, providing value based on the market price at that time.
How many derivative securities does CoastalSouth (COSO) CAO hold after this RSU grant?
After the grant, Lauren M. Hemby beneficially owns 4,000 restricted stock units as derivative securities. These RSUs are held directly and will convert into 4,000 shares of CoastalSouth Bancshares common stock as the vesting milestones are reached over three years.