Director at CoastalSouth Bancshares (COSO) awarded 927 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoastalSouth Bancshares director receives RSU grant
CoastalSouth Bancshares, Inc. granted director Joseph V. Topper Jr. 927 restricted stock units on February 11, 2026. These RSUs convert into common shares on a one-for-one basis and are a form of equity compensation rather than a cash transaction.
The RSUs 100% vest on December 31, 2026, meaning the director must remain eligible through that date to receive all underlying shares. After this grant, he beneficially owns 927 derivative securities directly in the form of RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Topper Joseph V. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 927 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 927 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 in this COSO Form 4 and at what price?
The filing shows a grant of 927 restricted stock units at a stated price of $0.00 per unit. This indicates a compensatory award rather than a purchase, with value depending on future CoastalSouth Bancshares common stock performance.
What is the director’s derivative stake in COSO after this RSU grant?
After the transaction, the director beneficially owns 927 derivative securities in the form of restricted stock units. These are held directly, as indicated by the ownership code "D," and represent potential future common shares subject to vesting on December 31, 2026.