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ACIC (ACIC) COO granted options, performance units and RSUs in new awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Griffith Christopher reported acquisition or exercise transactions in this Form 4 filing.

AMERICAN COASTAL INSURANCE Corp Chief Operating Officer Christopher Griffith received new equity awards in the form of options and stock units. On the reported date, he was granted 14,507 nonqualified stock options exercisable at $10.59 per share, 21,719 performance stock units, and 10,859 restricted stock units, all tied to the company’s common stock.

The options and restricted stock units vest over three years, with one third of each award vesting in each period. The performance stock units also vest over three years, and the actual shares ultimately delivered can range from 0% to 150% of the awarded amount, depending on achievement of specified performance factors.

Positive

  • None.

Negative

  • None.
Insider Griffith Christopher
Role Chief Operating Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 10,859 $0.00 --
Grant/Award Performance Stock Units 21,719 $0.00 --
Grant/Award Nonqualified Stock Options 14,507 $0.00 --
Holdings After Transaction: Restricted Stock Units — 20,092 shares (Direct, null); Performance Stock Units — 40,186 shares (Direct, null); Nonqualified Stock Options — 65,298 shares (Direct, null)
Footnotes (1)
  1. Each stock unit represents a conditional right to receive one share of the company's common stock. 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 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. 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.
Nonqualified stock options granted 14,507 options Grant to COO Christopher Griffith
Option exercise price $10.59 per share Nonqualified stock options
Performance stock units granted 21,719 units Equity award to COO
Restricted stock units granted 10,859 units Equity award to COO
PSU payout range 0% to 150% Shares delivered vs. granted PSUs
Options following transaction 65,298 options Total nonqualified stock options held after grant
PSUs following transaction 40,186 units Performance stock units held after grant
RSUs following transaction 20,092 units Restricted stock units held after grant
Nonqualified Stock Options financial
"security_title: "Nonqualified Stock Options""
A nonqualified stock option is a company-issued right that lets an employee or contractor buy shares later at a preset price, like a coupon to purchase stock regardless of the market price. It matters to investors because when the option is used the recipient owes ordinary-income tax on the difference between market and preset price, which affects the holder’s financial decisions and can change the company’s share count and reported expenses.
Performance Stock Units financial
"security_title: "Performance Stock Units""
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
"security_title: "Restricted Stock Units""
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.
vesting financial
"subject to vesting over three years with one third, rounded down"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price: "10.5900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
performance factors financial
"depends on the achievement of certain performance factors"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Griffith Christopher
(Last)(First)(Middle)
570 CARILLON PARKWAY, SUITE 100
(Street)
ST PETERSBURG FLORIDA 33716
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
AMERICAN COASTAL INSURANCE Corp [ ACIC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/12/2026A10,859 (2) (2)Common Stock10,859$0.0020,092D
Performance Stock Units(1)05/12/2026A21,719 (3) (4)Common Stock21,719$0.0040,186D
Nonqualified Stock Options$10.5905/12/2026A14,507 (5)05/12/2036Common Stock14,507$0.0065,298D
Explanation of Responses:
1. Each stock unit represents a conditional right to receive one share of the company's common stock.
2. 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.
3. 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.
4. 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.
5. 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.
/s/ Alexander Baty, Attorney-in-Fact for Christopher Griffith05/14/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did ACIC COO Christopher Griffith receive in this Form 4?

Christopher Griffith received stock options, performance stock units, and restricted stock units. The filing shows grants of 14,507 nonqualified stock options, 21,719 performance stock units, and 10,859 restricted stock units, each linked to AMERICAN COASTAL INSURANCE Corp’s common stock as part of his compensation.

How do the performance stock units for ACIC COO Griffith work?

Each performance stock unit can convert into common shares based on results. The actual number of shares delivered at vesting can range from 0% to 150% of 21,719 units, depending on achievement of specified performance factors under the applicable award agreement.

What is the vesting schedule for Griffith’s ACIC restricted stock units?

The restricted stock units vest over three years in equal parts. One third of the 10,859 restricted stock units, rounded down to the nearest whole share, vests in each annual period, aligning Griffith’s compensation with longer-term company performance and retention.

What are the key terms of Griffith’s nonqualified stock options at ACIC?

Griffith received 14,507 nonqualified stock options with a $10.59 exercise price. These options are subject to three-year vesting, with one third becoming exercisable in each period, giving him the right to buy AMERICAN COASTAL INSURANCE Corp common stock at that fixed price.

Are these ACIC Form 4 transactions open-market buys or compensation grants?

The transactions are compensation-related grants, not open-market purchases. All three entries use transaction code A, described as grants or awards, and show a price per unit of $0.00, indicating equity compensation rather than market trades by Christopher Griffith.