CoastalSouth (COSO) director receives 868 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoastalSouth Bancshares, Inc. director Patrick M. Frawley reported receiving a grant of 868 restricted stock units on 02/11/2026. These RSUs are a form of stock-based compensation that convert into shares of CoastalSouth common stock on a one-for-one basis.
The RSUs are scheduled to vest 100% on 12/31/2026, meaning Frawley will receive 868 shares of common stock at that time if vesting conditions are met. After this award, he beneficially owns 868 derivative securities directly in the form of RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRAWLEY PATRICK M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 868 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 868 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSU") convert into shares of the issuer's common stock on a one-for-one basis. RSU 100% vests on 12/31/2026.
FAQ
What insider transaction did COSO director Patrick M. Frawley report?
Director Patrick M. Frawley reported the acquisition of 868 restricted stock units of CoastalSouth Bancshares, Inc. on 02/11/2026. This was a stock-based award recorded at a transaction price of $0.00 per unit, reflecting a compensatory grant rather than a market purchase.
How many CoastalSouth (COSO) RSUs did the director receive and at what price?
Patrick M. Frawley received 868 restricted stock units of CoastalSouth Bancshares, Inc. at a stated transaction price of $0.00 per unit. The zero price indicates these RSUs were granted as compensation, not bought in an open-market transaction.
When do Patrick M. Frawley’s COSO restricted stock units vest?
The 868 restricted stock units granted to Patrick M. Frawley 100% vest on 12/31/2026. Once vested, each RSU converts into one share of CoastalSouth Bancshares common stock, aligning the director’s compensation with long-term shareholder value over this vesting period.
What does the RSU grant mean for Frawley’s COSO beneficial ownership?
Following the reported transaction, Patrick M. Frawley beneficially owns 868 derivative securities in the form of restricted stock units, held directly. These RSUs will convert into 868 shares of CoastalSouth common stock upon vesting, increasing his direct equity exposure to the company.
How do CoastalSouth (COSO) RSUs reported in this filing convert to common stock?
The filing states that each restricted stock unit converts into one share of CoastalSouth Bancshares common stock on a one-for-one basis. After full vesting on 12/31/2026, Frawley’s 868 RSUs are expected to become 868 shares of common stock, subject to applicable conditions.