Form 4: Coastal Financial Director Receives Restricted Stock Grant

Director Jeffrey M. Chapman was granted 1,532 shares of restricted stock in Coastal Financial Corporation.

Summary

• Director Jeffrey M. Chapman acquired 1,532 shares of common stock in Coastal Financial Corporation (CCB).
• The shares were granted as restricted stock under the 2018 Omnibus Incentive Plan.
• The transaction occurred on May 26, 2026, at a price of $0 per share.
• Following this transaction, the director holds a total of 1,532 shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of the restricted stock is contingent upon the director's continued service until the 2027 Annual Shareholder Meeting.

Future Outlook

The restricted stock is scheduled to vest one day prior to the issuer's 2027 Annual Shareholder Meeting.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term oversight and alignment with shareholder value in the regional banking sector.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) for director compensation is consistent with standard practices for publicly traded financial institutions.
• The vesting schedule tied to the annual meeting is a common retention mechanism in the banking industry.

Corporate Governance

Stakeholder Impact

• Shareholders benefit from increased director alignment with company performance.

Next Steps

• Vesting of the 1,532 shares one day prior to the 2027 Annual Shareholder Meeting.

Key Dates

Keywords

Coastal Financial, CCB, Form 4, Insider Trading, Director Compensation, Restricted Stock