CoastalSouth (COSO) CFO exercises 13,000 RSUs with tax withholding, updates share ownership
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoastalSouth Bancshares CFO and COO Anthony P. Valduga reported compensation-related equity activity involving the company’s common stock. He exercised 13,000 restricted stock units, which converted into the same number of common shares on a one-for-one basis.
To cover tax obligations, 3,841 shares were disposed of through a tax-withholding transaction at $25.59 per share, rather than sold in the open market. Following these transactions, he directly holds 90,673 common shares and indirectly holds additional shares through a spouse IRA (2,500 shares) and a personal IRA (27,924 shares).
Positive
- None.
Negative
- None.
Insider Trade Summary
13,000 shares exercised/converted
Mixed
5 txns
Insider
Valduga Anthony P.
Role
CFO AND COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,000 | $0.00 | -- |
| Exercise | Common Stock | 13,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,841 | $25.59 | $98K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 94,514 shares (Direct, null);
Common Stock — 27,924 shares (Indirect, By IRA)
Footnotes (1)
- [object Object]
Key Figures
RSUs exercised: 13,000 shares
Tax-withholding shares: 3,841 shares
Tax-withholding price: $25.59 per share
+3 more
6 metrics
RSUs exercised
13,000 shares
Restricted stock units converting one-for-one into common stock
Tax-withholding shares
3,841 shares
Shares used to satisfy tax obligations
Tax-withholding price
$25.59 per share
Value applied to shares used for tax liability
Direct holdings after transaction
90,673 shares
Common stock held directly by Valduga
Indirect holdings via spouse IRA
2,500 shares
Common stock held through spouse IRA
Indirect holdings via IRA
27,924 shares
Common stock held through Valduga’s IRA
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 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.
FAQ
What did COSO executive Anthony Valduga report in this Form 4 filing?
Anthony Valduga reported equity compensation activity. He exercised 13,000 restricted stock units into common stock and had 3,841 shares withheld to cover taxes, updating his direct and indirect ownership in CoastalSouth Bancshares.
What indirect COSO holdings does Anthony Valduga report?
The filing lists 2,500 shares held indirectly through a spouse IRA and 27,924 shares held indirectly through his own IRA. These accounts are reported as indirect ownership interests in CoastalSouth Bancshares common stock.
What do the restricted stock units in this COSO filing represent?
The restricted stock units represent equity compensation that converts into common stock. According to the footnote, each RSU converts into one share of CoastalSouth Bancshares common stock, explaining the 13,000-share acquisition when the RSUs vested.