Form 4 for CCB COASTAL FINANCIAL CORP
Accepted 2024-10-03 00:00:00 ET · period of report 2024-09-30 · accession 0001437958-24-000136 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-10-03 | 2024-09-30 | CCB | Hamilton Brian T | Pres of CCBX, Dir | A - Grant | $0.00 | +100.0K | 27.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-09-30 | A | A | 60,000 | $0.00 | 87,034 | D | — | — | (F3) Represents 60,000 performance-based restricted stock units pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. Up to 60,000 of the performance-based restricted stock units are eligible to vest on the first day of each month beginning October 1, 2024 until April 30, 2028, the quantity of which is subject to continuous employment and achievement of certain stock price conditions. (F2) Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 2,034 shares of common stock vest one day prior to the issuer's 2025 Annual Shareholder Meeting. |
| 2 | Common | Common Stock | 2024-09-30 | A | A | 15,000 | $0.00 | 102,034 | D | — | — | (F4) Represents 15,000 performance-based restricted stock units pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 15,000 shares of performance-based restricted stock units are eligible to vest on April 30, 2028, subject to subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (F2) Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 2,034 shares of common stock vest one day prior to the issuer's 2025 Annual Shareholder Meeting. |
| 3 | Common | Common Stock | 2024-09-30 | A | A | 25,000 | $0.00 | 27,034 | D | — | — | (F1) Represents 25,000 restricted stock units pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan which vest over a 43-month period, with 16.28% vesting on April 30, 2025 and 2.3256% vesting each month thereafter. (F2) Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 2,034 shares of common stock vest one day prior to the issuer's 2025 Annual Shareholder Meeting. |