Director at CoastalSouth (COSO) granted 868 RSUs vesting in 2026
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoastalSouth Bancshares director Michael B. High received a grant of 868 restricted stock units on 02/11/2026. These RSUs are a form of stock-based compensation that can convert into common shares.
The RSUs convert into shares of common stock on a one-for-one basis and are scheduled to vest 100% on 12/31/2026. After this award, High beneficially owns 868 derivative securities directly in the form of these RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HIGH MICHAEL B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 868 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 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 director received an award of 868 restricted stock units. Each RSU represents the right to receive one share of CoastalSouth Bancshares common stock, subject to the vesting conditions described in the filing.
When do Michael B. High’s RSUs at CoastalSouth (COSO) vest?
The restricted stock units are scheduled to vest 100% on 12/31/2026. Vesting means the units become earned, allowing them to convert into shares of common stock on the one-for-one basis described.
What is the conversion ratio for the CoastalSouth (COSO) restricted stock units?
Each restricted stock unit converts into one share of CoastalSouth Bancshares common stock. This one-for-one conversion occurs after the vesting conditions are satisfied, aligning the director’s compensation with future share value.
Is the CoastalSouth (COSO) Form 4 transaction a stock purchase or sale?
The Form 4 reports an acquisition of 868 restricted stock units as a grant or award, not a market purchase or sale. The transaction code is “A,” indicating a compensatory grant rather than open-market trading activity.
How many derivative securities does the CoastalSouth (COSO) director own after this RSU grant?
Following the grant, the director beneficially owns 868 derivative securities in the form of restricted stock units. These are held directly and represent potential future shares, subject to the vesting date of 12/31/2026.