Form 4 for ACIC AMERICAN COASTAL INSURANCE Corp
Accepted 2024-05-16 00:00:00 ET · period of report 2024-05-14 · accession 0001401521-24-000078 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-05-16 | 2024-05-14 | ACIC | Griffith Christopher | COO | F - Tax | $12.23 | -8,383 | 100.7K | -8% | -$102.5K |
| D | 2024-05-16 | 2024-05-14 | ACIC | Griffith Christopher | COO | M - OptEx | $0.00 | +27.9K | 109.1K | +34% | $0 |
| DM | 2024-05-16 | 2024-05-14 | ACIC | Griffith Christopher | COO | M - OptEx | $0.00 | -21.0K | 56.0K | -27% | $0 |
| DM | 2024-05-16 | 2024-05-14 | ACIC | Griffith Christopher | COO | A - Grant | $0.00 | +134.2K | 12.9K | 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 | 2024-05-14 | F | D | 8,383 | $12.23 | 100,685 | D | — | — | |
| 2 | Common | Common Stock | 2024-05-14 | M | A | 27,944 | $0.00 | 109,068 | D | — | — | |
| 3 | Derivative | Performance Stock Units | 2024-05-14 | M | D | 13,972 | $0.00 | 90,368 | D | — · — to — | 13,972 Common Stock | (F1) Each stock unit represents a conditional right to receive one share of the company's common stock. (F5) The performance units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period. (F6) The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above. |
| 4 | Derivative | Restricted Stock Units | 2024-05-14 | A | A | 20,958 | $0.00 | 53,310 | D | — · — to — | 20,958 Common Stock | (F2) Grant pursuant to the Amended and Restated American Coastal Insurance Corporation 2020 Omnibus Incentive Plan (the "Plan"), effective May 4, 2023, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024. (F1) Each stock unit represents a conditional right to receive one share of the company's common stock. (F3) The restricted stock units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period. |
| 5 | Derivative | Restricted Stock Units | 2024-05-14 | A | A | 9,643 | $0.00 | 62,953 | D | — · — to — | 9,643 Common Stock | (F4) Grant pursuant to the Plan effective April 3, 2024, subject to stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024. (F1) Each stock unit represents a conditional right to receive one share of the company's common stock. (F3) The restricted stock units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period. |
| 6 | Derivative | Performance Stock Units | 2024-05-14 | A | A | 41,917 | $0.00 | 85,054 | D | — · — to — | 41,917 Common Stock | (F2) Grant pursuant to the Amended and Restated American Coastal Insurance Corporation 2020 Omnibus Incentive Plan (the "Plan"), effective May 4, 2023, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024. (F1) Each stock unit represents a conditional right to receive one share of the company's common stock. (F5) The performance units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period. (F6) The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above. |
| 7 | Derivative | Performance Stock Units | 2024-05-14 | A | A | 19,286 | $0.00 | 104,340 | D | — · — to — | 19,286 Common Stock | (F4) Grant pursuant to the Plan effective April 3, 2024, subject to stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024. (F1) Each stock unit represents a conditional right to receive one share of the company's common stock. (F5) The performance units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period. (F6) The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above. |
| 8 | Derivative | Nonqualified Stock Options | 2024-05-14 | A | A | 29,508 | $0.00 | 29,508 | D | $4.33 · — to 2033-05-04 | 29,508 Common Stock | (F2) Grant pursuant to the Amended and Restated American Coastal Insurance Corporation 2020 Omnibus Incentive Plan (the "Plan"), effective May 4, 2023, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024. (F7) Exercise of the nonqualified award is subject to vesting over three years with one third, rounded down to the nearest whole share of stock, becoming exercisable in each period. |
| 9 | Derivative | Nonqualified Stock Options | 2024-05-14 | A | A | 12,870 | $0.00 | 12,870 | D | $10.37 · — to 2034-04-03 | 12,870 Common Stock | (F4) Grant pursuant to the Plan effective April 3, 2024, subject to stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024. (F7) Exercise of the nonqualified award is subject to vesting over three years with one third, rounded down to the nearest whole share of stock, becoming exercisable in each period. |
| 10 | Derivative | Restricted Stock Units | 2024-05-14 | M | D | 6,986 | $0.00 | 55,967 | D | — · — to — | 6,986 Common Stock | (F1) Each stock unit represents a conditional right to receive one share of the company's common stock. (F3) The restricted stock units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period. |