Herger Tarah M 4
4 · COASTAL FINANCIAL CORP · Filed Feb 7, 2024
Insider Transaction Report
Form 4
Herger Tarah M
EVP, Division Manager
Transactions
- Sale
Common Stock
2024-02-05$38.00/sh−229$8,702→ 14,925 total - Award
Common Stock
2024-02-05+1,630→ 15,154 total - Sale
Common Stock
2024-02-06$38.08/sh−17$647→ 14,908 total
Footnotes (3)
- [F1]Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on February 5, 2025. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
- [F2]Represents shares sold to cover the tax liability on vesting RSUs.
- [F3]Includes 13,738 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 311 RSUs vest in six approximately equal remaining annual installments; 630 vest in two approximately equal remaining installments; 1,167 RSUs vest in approximately three equal remaining annual installments; 1,630 RSUs vest in four approximately equal remaining annual installments; 5,000 shares vest on July 26, 2027; 5,000 shares vest on January 26, 2030. Each restricted stock unit represents the right to receive one share of common stock upon vesting.