Form 4: Coastal Financial Director Gregory Tisdel Receives Restricted Stock Grant

Coastal Financial Corp. Director Gregory A. Tisdel was granted 975 shares of restricted common stock, vesting prior to the 2026 Annual Shareholder Meeting, as part of the company's 2018 Omnibus Incentive Plan.

Summary

• Gregory A. Tisdel, a Director of Coastal Financial Corp. (CCB), acquired 975 shares of common stock on May 28, 2025.
• The acquisition was a grant of restricted stock at a price of $0 per share, indicating it was part of a compensation plan.
• These 975 restricted shares are scheduled to vest one day prior to Coastal Financial Corporation's 2026 Annual Shareholder Meeting.
• The grant was made pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan.
• Following this transaction, Gregory A. Tisdel beneficially owns a total of 14,981 shares of Coastal Financial Corp. common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive signal of alignment between management and shareholder interests, and it is a standard, expected compensation practice that reinforces long-term commitment.

Positives

• The grant of restricted stock aligns the director's long-term interests with those of the shareholders, promoting sustained value creation.
• The transaction is part of an established incentive plan (2018 Omnibus Incentive Plan), indicating a structured approach to executive and director compensation.

Future Outlook

The 975 shares of common stock granted to Director Gregory A. Tisdel are scheduled to vest one day prior to Coastal Financial Corporation's 2026 Annual Shareholder Meeting, aligning future compensation with long-term company performance.

Industry Context

The grant of restricted stock to a director is a standard practice in the financial services industry, often used to align the interests of board members with long-term shareholder value creation and to retain key talent. Such grants are a common component of executive and director compensation packages across publicly traded companies.

Stakeholder Impact

• Shareholders: The grant of equity to a director further aligns their interests with those of the shareholders, potentially leading to more shareholder-centric decision-making.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The 975 restricted shares are expected to vest one day prior to the issuer's 2026 Annual Shareholder Meeting.

Key Dates

Keywords

Coastal Financial Corp, CCB, Form 4, Insider Transaction, Restricted Stock, Stock Grant, Director Compensation, Executive Compensation, Omnibus Incentive Plan