ACIC COO exercises equity awards, holds 132,637 shares
AMERICAN COASTAL INSURANCE Corp Chief Operating Officer Christopher Griffith reported routine equity compensation activity.
Rhea-AI Filing Summary
AMERICAN COASTAL INSURANCE Corp Chief Operating Officer Christopher Griffith reported routine equity compensation activity. On May 4, 2026, he exercised awards covering 31,057 shares of common stock and related stock units, including performance and restricted stock units and dividend equivalent units.
To cover tax obligations, 11,495 shares of common stock were disposed of at $11.65 per share through a tax-withholding transaction, not an open-market sale. After these transactions, Griffith holds 132,637 shares of common stock directly, with no remaining derivative positions shown in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,292 shares exercised/converted
Exercise
8 txns
Insider
Griffith Christopher
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unites | 6,986 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 13,973 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Units | 483 | $11.31 | $5K |
| Exercise | Dividend Equivalent Units | 966 | $11.31 | $11K |
| Exercise | Dividend Equivalent Units | 295 | $11.85 | $3K |
| Exercise | Dividend Equivalent Units | 589 | $11.85 | $7K |
| Exercise | Common Stock | 31,057 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,495 | $11.65 | $134K |
Holdings After Transaction:
Restricted Stock Unites — 12,243 contracts (Direct);
Performance Stock Units — 24,486 contracts (Direct);
Dividend Equivalent Units — 2,866 contracts (Direct);
Common Stock — 132,637 shares (Direct)
Footnotes (6)
- F1. Each stock unit represents a conditional right to receive one share of the company's common stock.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. The dividend equivalent units will vest proportionately with the underlying restricted stock units to which they relate.
- F6. The dividend equivalent units will vest proportionately with the underlying performance stock units to which they relate.
Key Figures
Shares acquired via exercises: 31,057 shares
Shares withheld for taxes: 11,495 shares
Common shares held after: 132,637 shares
+4 more
7 metrics
Shares acquired via exercises
31,057 shares
Common stock acquired on May 4, 2026 through exercises
Shares withheld for taxes
11,495 shares
Tax-withholding disposition at $11.65 per share
Common shares held after
132,637 shares
Direct ownership after Form 4 transactions on May 4, 2026
Derivative exercises total
23,292 units
Performance, restricted, and dividend equivalent units converting to common stock
Dividend equivalent unit exercises
2,333 units
589 + 295 + 966 + 483 dividend equivalent units exercised
Performance stock units exercised
13,973 units
Performance stock units converting into common stock
Restricted stock units exercised
6,986 units
Restricted stock units converting into common stock
Key Terms
Dividend Equivalent Units, Performance Stock Units, Restricted Stock Units, tax-withholding disposition, +1 more
5 terms
Dividend Equivalent Units financial
"The dividend equivalent units will vest proportionately with the underlying restricted stock 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.
Performance Stock Units financial
"The performance units are subject to vesting over three years with one third vesting in each period"
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 with one third vesting in each period"
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.
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did ACIC COO Christopher Griffith report in this Form 4 filing?
Christopher Griffith reported routine equity compensation activity. He exercised stock-based awards into common shares and had a portion of shares withheld for taxes, resulting in updated direct ownership of 132,637 ACIC common shares after the reported transactions.
What types of stock awards were involved in Christopher Griffith’s ACIC transactions?
The transactions involved performance stock units, restricted stock units, and dividend equivalent units. These awards convert into common stock based on time-based vesting, performance conditions, and associated dividend credits described in the filing’s footnotes.
Do the ACIC Form 4 transactions indicate open-market buying or selling by the COO?
The filing shows option and unit exercises plus tax-withholding dispositions, not open-market buying or selling. Code M entries reflect exercises, while the single F-code entry represents shares withheld by the company to cover tax obligations on vested awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
