CoastalSouth CEO exercises 17,000 RSUs
CoastalSouth Bancshares, Inc. President and CEO Stephen R. Stone reported routine equity compensation activity involving restricted stock units.
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Form Type
4
Rhea-AI Filing Summary
CoastalSouth Bancshares, Inc. President and CEO Stephen R. Stone reported routine equity compensation activity involving restricted stock units. On April 27, 2026, 17,000 restricted stock units converted into the same number of common shares, reflecting a derivative exercise.
On the same date, 5,022 common shares were disposed of as a tax-withholding disposition at $25.59 per share, used to cover exercise price or tax liabilities rather than an open-market sale. After these transactions, Stone directly owned 132,363 common shares and indirectly held 4,830 shares through an IRA.
Insider Trade Summary
17,000 shares exercised/converted
Exercise
4 txns
Insider
Stone Stephen R.
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 17,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,022 | $25.59 | $129K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 132,363 shares (Direct);
Common Stock — 4,830 shares (Indirect, By IRA)
Footnotes (1)
- F1. Restricted stock units ("RSU") convert into shares of the issuer's common stock on a one-for-one basis.
Key Figures
RSUs converted: 17,000 shares
Tax-withholding shares: 5,022 shares
Tax-withholding price: $25.59 per share
+3 more
6 metrics
RSUs converted
17,000 shares
Restricted stock units converted to common stock on April 27, 2026
Tax-withholding shares
5,022 shares
Shares delivered for exercise price or tax liability
Tax-withholding price
$25.59 per share
Value for 5,022-share tax-withholding disposition
Direct holdings after
132,363 shares
Common stock directly owned after April 27, 2026 transactions
Indirect IRA holdings
4,830 shares
Common stock held indirectly via IRA after reported date
RSU conversion ratio
1:1
Each restricted stock unit converts into one common share
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, IRA, +1 more
5 terms
Restricted stock units financial
"Restricted stock units ("RSU") convert into shares of the issuer's common stock"
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
IRA financial
"Common Stock holding reported as indirect, nature of ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did COSO CEO Stephen R. Stone report?
Stephen R. Stone reported routine equity compensation activity. On April 27, 2026, 17,000 restricted stock units converted into common stock, and 5,022 shares were disposed of to cover exercise price or tax liabilities, leaving him with a larger direct common stock position.
Are Stephen R. Stone’s COSO transactions open-market trades?
No, the transactions reflect equity compensation mechanics. The Form 4 shows restricted stock units converting into common shares and a tax-withholding disposition, rather than open-market purchases or sales, making them routine compensation-related events rather than discretionary trading in the market.
What is the one-for-one RSU conversion noted for COSO’s CEO?
The filing states that restricted stock units convert into common stock on a one-for-one basis. This means each RSU becomes one share of CoastalSouth Bancshares common stock upon vesting or exercise, directly tying the number of new shares issued to the RSUs held.
AI-generated analysis. How Rhea-AI works. Not financial advice.
