Sundar PichaiSundar Pichai earned $164M in 2023
C

Eric M. Sprink

CEO of Coastal Financial

Education

MBA from University of Washington

Field of Expertise

Finance & Banking - Finance

Born

May 15, 1973 - 51 years ago

Economy Sector

Financial Services

Current Tenure

6 years 6 months (Jul 2018 - Present)

Previous Experience

President and CEO of Coastal Community Bank

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...

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.