Sundar PichaiSundar Pichai earned $164M in 2023

Eric M. Sprink is the President and CEO of Coastal Financial Corporation, a role he has held since 2010 after joining the company in 2006. He earned his MBA from the University of Washington, and his career started in banking...

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Eric M. Sprink

CEO of Coastal Financial

Education

MBA from University of Washington

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

May 15, 1973 - 51 years ago

CEO of Coastal Financial for

6 years 9 months (Jul 2018 - Present)

Previous Experience

President and CEO of Coastal Community Bank

Holdings

See how much did Eric M. Sprink make over time.

Eric Sprink's trading history showcases significant activity, particularly from 2020 to 2024. His holdings peaked dramatically, with values soaring to $16.28 million as of September 2024. In 2020, he executed multiple trades, indicating a proactive approach to managing his wealth,...

Total Stock Sold

$15.30M

CCB

$15.30M

294,466 CCB shares

What if they kept their stock?

If Eric M. Sprink didn't sell their stock, today they would have:
Extra CCB294,466 shares worth $3.93M.
This is -74.32% and $11.37M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Eric M. Sprink.

CCB

4,219 shares

CCB

Feb 5, 2025

Received

CCB

$570.82K

CCB at $67.01/share

Oct 22, 2024

Sale

CCB

$427.83K

CCB at $66.00/share

Nov 4, 2024

Sale

CCB

$1.53M

CCB at $64.44/share

Oct 28, 2024

Sale

CCB

$259.48K

CCB at $60.20/share

Oct 23, 2024

Sale

CCB

$179.31K

CCB at $59.77/share

Oct 17, 2024

Sale

CCB

$404.23K

CCB at $58.61/share

Oct 14, 2024

Sale

CCB

$445.16K

CCB at $55.64/share

Oct 9, 2024

Sale

CCB

$684.67K

CCB at $52.67/share

Oct 3, 2024

Sale

CCB

$217.00K

CCB at $54.25/share

Sep 30, 2024

Sale

Compensation History

See how much did Eric M. Sprink make over time.

In 2023, Eric M. Sprink earned a total compensation of approximately $1.88 million. This includes an annual salary of $810,000 with no bonuses for that year, reflecting a focus on aligning with long-term company performance. He received 8,436 shares of vested stock, valued at around $374,841, which highlights his stake in the company’s success. His other compensation includes various perks such as matching contributions to a 401(k) plan, life insurance, and car allowances. Over the years, his compensation has fluctuated, with notable peaks in previous years, emphasizing a remuneration strategy designed to attract and retain talent while rewarding performance. His focus on aligning executive compensation with the interests of shareholders remains evident.

Year

2023

Total Compensation

$1.25M

Salary

$810.00K

Board Justification

The compensation philosophy is designed to attract and retain highly skilled executives, reward performance, maintain competitiveness, and align individual rewards with company performance and shareholder value.

Bonus

$0.00

Board Justification

No annual discretionary cash bonuses were earned for fiscal year 2023.

Other

$60.36K

Board Justification

Includes matching contributions to the 401(k) Plan, life insurance premiums, and perquisites such as car allowance and country club dues.

Restricted Stock

$374.84K(8.44K RSU)

Board Justification

8,436 shares of stock vested in 2023, reflecting the value realized on vesting based on the closing price of the Company’s common stock on the vesting date.

Performance Metrics

Key performance metrics include Return on Average Assets, Return on Average Equity, Core Deposit Growth, Gross Loan Growth, and Net Charge Offs.