Form 4: Coastal Financial Director Rilla Delorier Receives Restricted Stock Grant

Coastal Financial Corp. Director Rilla S. Delorier was granted 975 shares of restricted common stock, vesting prior to the 2026 Annual Shareholder Meeting.

Summary

• Rilla S. Delorier, a Director of Coastal Financial Corp. (CCB), acquired 975 shares of common stock on May 28, 2025.
• The acquisition was a grant at a price of $0 per share, indicating it was not a purchase.
• These 975 shares are restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan.
• The restricted shares are scheduled to vest one day prior to the issuer's 2026 Annual Shareholder Meeting.
• Following this transaction, Ms. Delorier's beneficial ownership of common stock totals 5,391 shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive indicator of alignment between management and shareholder interests, and a standard, expected compensation practice. It does not suggest any negative operational or financial issues.

Positives

• The grant of restricted stock to a director aligns their interests with those of shareholders, incentivizing long-term performance and value creation.
• The transaction is part of the company's established 2018 Omnibus Incentive Plan, indicating a structured and transparent approach to executive and director compensation.

Future Outlook

The 975 restricted shares granted to Director Rilla S. Delorier are expected to vest one day prior to Coastal Financial Corporation's 2026 Annual Shareholder Meeting.

Industry Context

The grant of restricted stock to a director is a common and standard practice in publicly traded companies across various industries, including the financial services sector, as a means of compensation and to align the interests of directors with long-term shareholder value.

Comparison to Industry Standards

• Stock grants to directors are a widely adopted compensation method among financial institutions and other public companies globally, aiming to foster long-term commitment and performance alignment.
• The use of an Omnibus Incentive Plan (2018 Omnibus Incentive Plan) for such grants is consistent with best practices in corporate governance for structured equity compensation.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of common stock to Rilla S. Delorier, a Director of Coastal Financial Corp., which constitutes a related party transaction as part of her compensation.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this specific transaction.

Next Steps

• The 975 restricted shares granted to Director Rilla S. Delorier are scheduled to vest one day prior to the issuer'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