John J. Dickson
Equibles does not estimate personal net worth.
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Coastal Financial Corp reported in an 8-K filed April 3, 2023 that John J. Dickson retired as Chief Operating Officer of the Bank, effective March 31, 2023. The proxy statement of Coastal Financial Corp reports total compensation of $636,202 for John J. Dickson in fiscal 2021, including a base salary of $288,400. Disclosed compensation is on record for 3 fiscal years. Coastal Financial Corp is classified in the Banks - Regional industry within the Financial Services sector. Other leadership on record at Coastal Financial Corp includes Eric M. Sprink (CEO and Board Member), Christopher D. Adams (Chairman), Brandon Soto (CFO) and 7 others.
“On March 31, 2023, Coastal Financial Corporation, the bank holding company for Coastal Community Bank (the "Bank"), announced that John Dickson has retired from his role as Chief Operating Officer of the Bank, effective March 31, 2023.”
Affiliation history
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Coastal Financial Corp (CCB)
Proxy statement
Current
Company network
Leadership on record at Coastal Financial Corp
- Eric M. Sprink CEO, Board Member
- Christopher D. Adams Chairman
- Brandon Soto CFO
- Joel Edwards CFO
- Joel G. Edwards CFO
- Michael Barreiro CTO
- Andrew P. Skotdal Board Member
- Brian Hamilton Board Member
- Brian T. Hamilton Board Member
- Gregory A. Tisdel Board Member
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2021 | Coastal Financial Corp (CCB) | Executive Vice President, Chief Operating Officer The amounts reported in this column represent the annual discretionary cash bonuses earned by our named executive officers for fiscal year 2021 and 2020 performance. The amounts reported in this column represent the grant date fair value of the award of restricted stock units computed in accordance with FASB ASC Topic 718 using the methodology set forth in Note 15, "Stock Based Compensation" to the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The amounts reported in this column represent the value of incentive awards earned in 2021 and 2020, respectively, based on the Company’s performance against pre-established performance goals for each Named Executive Officer approved by the Compensation Committee. The amounts reported in this column consist of the items specified in the All Other Compensation Table below for 2021. Includes 100,000 performance-based restricted stock units (“PSUs”) granted to Mr. Sprink in 2021 to further align his performance with shareholder returns and to retain his services for an extended period. The total cost of these PSUs is 2,633,500, based on a price per share of 31.00 at the time of the award. The PSUs cliff vest after six years of continuous service only if certain specified performance conditions are met. Fifty percent of the units (50,000 PSUs) are contingent on achieving stock price hurdles, which will be measured for achievement during the 24-months preceding the 6th anniversary of the grants (years five and six). A sustained stock price of at least 50.00 per share for no less than 60 continuous trading days during the measurement period is required to vest 25,000 shares and a sustained stock price of at least 60.00 per share for no less than 60 continuous trading days during the measurement period is required to vest 50,000 shares. The vesting of an additional 50,000 shares is contingent on relative return on average equity compared to a comparator group, with the Company’s performance needing for be at least in the 90th percentile, or top 10%, of the group over the six year period. We believe the achievement of these performance conditions will benefit the shareholders of the Company by incentivizing increased shareholder value through higher stock prices and increased earnings. | $288,400 | $636,202 |
| 2020 | Coastal Financial Corp (CCB) | Executive Vice President, Chief Operating Officer The amounts reported in this column represent the annual discretionary cash bonuses earned by our named executive officers for fiscal year 2021 and 2020 performance. The amounts reported in this column represent the grant date fair value of the award of restricted stock units computed in accordance with FASB ASC Topic 718 using the methodology set forth in Note 15, "Stock Based Compensation" to the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. The amounts reported in this column represent the value of incentive awards earned in 2021 and 2020, respectively, based on the Company’s performance against pre-established performance goals for each Named Executive Officer approved by the Compensation Committee. The amounts reported in this column consist of the items specified in the All Other Compensation Table below for 2021. Includes 100,000 performance-based restricted stock units (“PSUs”) granted to Mr. Sprink in 2021 to further align his performance with shareholder returns and to retain his services for an extended period. The total cost of these PSUs is 2,633,500, based on a price per share of 31.00 at the time of the award. The PSUs cliff vest after six years of continuous service only if certain specified performance conditions are met. Fifty percent of the units (50,000 PSUs) are contingent on achieving stock price hurdles, which will be measured for achievement during the 24-months preceding the 6th anniversary of the grants (years five and six). A sustained stock price of at least 50.00 per share for no less than 60 continuous trading days during the measurement period is required to vest 25,000 shares and a sustained stock price of at least 60.00 per share for no less than 60 continuous trading days during the measurement period is required to vest 50,000 shares. The vesting of an additional 50,000 shares is contingent on relative return on average equity compared to a comparator group, with the Company’s performance needing for be at least in the 90th percentile, or top 10%, of the group over the six year period. We believe the achievement of these performance conditions will benefit the shareholders of the Company by incentivizing increased shareholder value through higher stock prices and increased earnings. | $257,500 | $551,872 |
| 2019 | Coastal Financial Corp (CCB) | Executive Vice President, Chief Operations Officer The amounts reported in this column represent the annual discretionary cash bonuses earned by our named executive officers for fiscal year 2020 and 2019 performance. The amounts reported in this column represent the grant date fair value of the award of stock options computed in accordance with FASB ASC Topic 718 using the methodology set forth in Note 15, "Stock Based Compensation" to the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. 'The amounts reported in this column represent the value of incentive awards earned in 2020 and 2019, respectively, based on the Company’s performance against pre-established performance goals for each Named Executive Officer approved by the Compensation Committee. The amounts reported in this column consist of the items specified in the All Other Compensation Table below for 2020. | $220,670 | $461,276 |