Form 4: Richardson James N. reports acquisition/exercise transactions in COSO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Richardson James N. Jr. reported acquisition or exercise transactions in a Form 4 filing for COSO. The filing lists transactions totaling 868 shares. Following the reported transactions, holdings were 868 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Richardson James N. Jr.
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
How many restricted stock units were granted to the CoastalSouth (COSO) director?
The CoastalSouth (COSO) director was granted 868 restricted stock units. This entire amount is reported as newly acquired derivative securities, bringing his beneficial ownership of these RSUs to 868 units immediately following the reported transaction on February 11, 2026.
When do the CoastalSouth (COSO) restricted stock units granted on this Form 4 vest?
The restricted stock units granted to the CoastalSouth (COSO) director vest 100% on December 31, 2026. Once vested, the RSUs convert into an equal number of CoastalSouth common shares, giving the holder full share ownership after the vesting date is reached.
How do the CoastalSouth (COSO) restricted stock units convert into common stock?
The CoastalSouth (COSO) restricted stock units convert into common stock on a one-for-one basis. This means each of the 868 RSUs will become one share of CoastalSouth common stock upon vesting, provided the standard vesting conditions are satisfied by the holder.
Is the CoastalSouth (COSO) director’s ownership from this grant reported as direct or indirect?
The CoastalSouth (COSO) director’s ownership from this grant is reported as direct. The Form 4 lists 868 derivative securities beneficially owned following the transaction with an ownership code of “D,” indicating the RSUs are directly held by the reporting person.
What does transaction code "A" mean in this CoastalSouth (COSO) Form 4 filing?
In this CoastalSouth (COSO) Form 4, transaction code “A” indicates a grant, award, or other acquisition. Here it reflects the issuance of 868 restricted stock units to the director as compensation, rather than a purchase on the open market for cash consideration.