American Coastal Insurance (ACIC) secretary exercises stock units, withholds shares for taxes
Rhea-AI Filing Summary
American Coastal Insurance Corp’s Secretary Brooke Adler exercised equity awards and settled related tax obligations in company stock. On April 3, 2026, Adler exercised performance stock units, restricted stock units, and dividend equivalent units, each converting into an equal number of common shares.
These derivative exercises delivered common stock, including 12,509 shares of common stock reported as acquired in a single transaction. In a separate transaction coded “F,” 3,712 common shares at $10.97 per share were withheld to cover tax liabilities. Following these transactions, Adler directly holds 95,283 shares of American Coastal common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,381 shares exercised/converted
Mixed
8 txns
Insider
Adler Brooke
Role
Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 5,627 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,813 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 195 | $11.31 | $2K |
| Exercise | Dividend Equivalent Units | 119 | $11.85 | $1K |
| Exercise | Dividend Equivalent Units | 389 | $11.31 | $4K |
| Exercise | Dividend Equivalent Units | 238 | $11.85 | $3K |
| Exercise | Common Stock | 12,509 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,712 | $10.97 | $41K |
Holdings After Transaction:
Performance Stock Units — 32,009 shares (Direct);
Restricted Stock Units — 16,005 shares (Direct);
Dividend Equivalent Units — 1,084 shares (Direct);
Common Stock — 98,995 shares (Direct)
Footnotes (1)
- Each stock unit represents a conditional right to receive one share of the company's common stock. The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period. 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. The restricted stock units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period. The dividend equivalent units will vest proportionately with the underlying restricted stock units to which they relate. The dividend equivalent units will vest proportionately with the underlying performance stock units to which they relate.
Key Figures
Performance stock units exercised: 5,627 units
Restricted stock units exercised: 2,813 units
Dividend equivalent units exercised: 941 units
+3 more
6 metrics
Performance stock units exercised
5,627 units
Converted into 5,627 common shares on April 3, 2026
Restricted stock units exercised
2,813 units
Converted into 2,813 common shares on April 3, 2026
Dividend equivalent units exercised
941 units
Multiple transactions converting into 941 common shares
Common shares acquired via exercise
12,509 shares
Non-derivative common stock reported as acquired
Shares withheld for taxes
3,712 shares
Tax-withholding disposition at $10.97 per share
Holdings after transactions
95,283 shares
Total American Coastal common shares held directly
Key Terms
Performance Stock Units, Restricted Stock Units, Dividend Equivalent Units, tax-withholding disposition
4 terms
Performance Stock Units financial
"Each performance stock unit converts into one share of common stock."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"The restricted stock units are subject to vesting over three years."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend Equivalent Units financial
"The dividend equivalent units will vest proportionately with the underlying units."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Brooke Adler report in the latest Form 4 for ACIC?
Brooke Adler reported exercising equity awards that converted into American Coastal common stock and a tax-related share withholding. Multiple performance stock units, restricted stock units, and dividend equivalent units converted into shares, while 3,712 common shares were withheld to satisfy tax liabilities.
Were any of Brooke Adler’s ACIC transactions open-market stock sales or purchases?
No, the Form 4 shows no open-market buys or sells. The transactions are mainly coded “M” for derivative exercises and one “F” entry, representing shares withheld to pay taxes, rather than discretionary market sales or purchases of American Coastal Insurance Corp stock.
What are performance stock units and restricted stock units in ACIC’s filing?
Performance stock units and restricted stock units are equity awards that convert into common shares upon vesting. Each unit equals one share of American Coastal common stock. Vesting typically occurs over three years, with one-third of the eligible units vesting in each period according to the footnotes.
What does the tax withholding transaction mean in Brooke Adler’s ACIC Form 4?
The tax withholding transaction, coded “F,” means 3,712 common shares were delivered to cover tax liabilities from award vesting. Instead of paying cash for taxes, a portion of Brooke Adler’s newly acquired American Coastal shares was withheld by the issuer at a reported price of $10.97 per share.
How do dividend equivalent units function in American Coastal’s equity awards?
Dividend equivalent units track dividends on underlying stock units and convert into common shares. In this filing, dividend equivalent units relating to performance and restricted stock units vest proportionately with those underlying awards, resulting in additional American Coastal common shares when the associated units vest.