Form 4: Coastal Financial Director Pamela Unger Receives Restricted Stock Grant

Coastal Financial Corp. Director Pamela Unger was granted 975 shares of common stock as restricted stock, vesting prior to the 2026 Annual Shareholder Meeting.

Summary

• Pamela Unger, 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 under the Coastal Financial Corporation 2018 Omnibus Incentive Plan.
• The shares were acquired at a price of $0, indicating a non-cash grant as part of compensation.
• Following this transaction, Ms. Unger beneficially owns a total of 5,062 shares of common stock.
• The 975 granted shares are subject to a vesting schedule, with full vesting occurring one day prior to the issuer's 2026 Annual Shareholder Meeting.

Sentiment

Score: 7

Explanation: The document reports a standard equity grant to a director, which is generally a positive sign of alignment and retention, but does not contain significant new financial or operational news that would dramatically alter the company's outlook.

Positives

• The grant of restricted stock to a director aligns their interests with shareholders, encouraging long-term value creation.
• The grant is part of an existing and approved incentive plan (Coastal Financial Corporation 2018 Omnibus Incentive Plan), indicating a structured and transparent compensation approach.

Future Outlook

The grant of restricted stock to a director suggests a continued commitment to long-term incentive alignment and retention within the company's compensation strategy, with vesting tied to the 2026 Annual Shareholder Meeting.

Industry Context

This transaction is a routine insider compensation disclosure, common across publicly traded companies, where equity grants are used to align the interests of directors and executives with shareholders. It reflects standard corporate governance practices for director remuneration in the financial services sector.

Comparison to Industry Standards

• The use of restricted stock grants as part of director compensation is a common practice in the financial services industry and aligns with typical corporate governance standards for public companies.
• Specific comparable companies or projects are not detailed in this filing, as it focuses solely on an individual's transaction rather than a broader compensation review.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director aligns their interests with shareholders, potentially encouraging long-term value creation and responsible governance.

Next Steps

• The 975 restricted shares granted to Pamela Unger are scheduled to vest one day prior to Coastal Financial Corporation's 2026 Annual Shareholder Meeting.

Key Dates

Recommendation

Keywords

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