Form 4: Director Stephan Klee Receives Coastal Financial Stock Grant
Statement of Changes in Beneficial Ownership
Director Stephan Klee was granted 1,369 shares of Coastal Financial Corp common stock as part of the company's 2018 Omnibus Incentive Plan.
Summary
- Director Stephan Klee acquired 1,369 shares of Coastal Financial Corp (CCB) common stock.
- The shares were granted as restricted stock under the 2018 Omnibus Incentive Plan.
- The grant is subject to a vesting schedule, occurring one day prior to the 2027 Annual Shareholder Meeting.
- Following this transaction, the reporting person holds 1,661 shares directly and 2,488 shares indirectly through SK Trail LLC.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
Negatives
- None identified.
Risks
- Vesting of restricted stock is contingent upon continued service until the 2027 Annual Shareholder Meeting.
Future Outlook
The restricted stock will vest one day prior to the 2027 Annual Shareholder Meeting, indicating a long-term retention incentive for the director.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to align leadership incentives with long-term shareholder value creation in the regional banking sector.
Comparison to Industry Standards
- The use of restricted stock units (RSUs) for director compensation is consistent with standard practices among U.S. regional financial institutions.
- Vesting schedules tied to annual shareholder meetings are a common mechanism to ensure director tenure and commitment.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Grant of restricted stock under the 2018 Omnibus Incentive Plan. | 05/26/2026 | Increases director equity stake, aligning interests with shareholders. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation practices.
Next Steps
- Vesting of the 1,369 restricted shares one day prior to the 2027 Annual Shareholder Meeting.
Key Dates
| Date | Description |
|---|---|
| 05/26/2026 | Date of the restricted stock grant transaction. |
| 05/28/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Coastal Financial Corp, CCB, Form 4, Insider Trading, Director Compensation, Equity Grant
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