ACIC COO awarded options and stock units
Griffith Christopher reported acquisition or exercise transactions in this Form 4 filing.
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 Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Griffith Christopher
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10,859 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 21,719 | $0.00 | $0.00 |
| Grant/Award | Nonqualified Stock Options | 14,507 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 20,092 shares (Direct);
Performance Stock Units — 40,186 shares (Direct);
Nonqualified Stock Options — 65,298 shares (Direct)
Footnotes (5)
- 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. 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.
Key Figures
Nonqualified stock options granted: 14,507 options
Option exercise price: $10.59 per share
Performance stock units granted: 21,719 units
+5 more
8 metrics
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
Key Terms
Nonqualified Stock Options, Performance Stock Units, Restricted Stock Units, vesting, +2 more
6 terms
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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
