Coastal Financial CFO Joel G. Edwards to retire; transition plan through April 2026

COASTAL FINANCIAL CORP

Joel G. Edwards, EVP and CFO, notified Company of retirement on May 7, 2025; effective upon successor or October 1, 2025.
Edwards will work full-time until successor start or Oct 1, 2025, then part-time through April 1, 2026 (Retention Period).
Certain unvested stock options and RSUs vest on June 30, 2025; additional vesting on April 1, 2026 subject to continued employment.
Edwards eligible for 2025 annual bonus (performance-based, similar to 2023-2024 methodology) and severance if terminated without cause during Retention Period.
Departure unrelated to any disagreement with board or Company.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Joel G. Edwards

Executive Vice President and Chief Financial Officer

CCB · COASTAL FINANCIAL CORP

Filed: May 7, 2025, 7:59 PM ET

On May 7, 2025, Joel G. Edwards, Executive Vice President and Chief Financial Officer of Coastal Financial Corporation (the “Company”), informed the Company of his intention to retire upon the appointment of a new Chief Financial Officer of the Company or if earlier, October 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joel G. Edwards departed as Executive Vice President and Chief Financial Officer at COASTAL FINANCIAL CORP.

Action: intention to retire
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On May 7, 2025, Joel G. Edwards, Executive Vice President and Chief Financial Officer of Coastal Financial Corporation (the “Company”), informed the Company of his intention to retire upon the appointment of a new Chief Financial Officer of the Company or if earlier, October 1, 2025.

View on SEC.gov

COASTAL FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001437958-25-000087

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.