American Coastal Insurance (ACIC) officer exercises awards, boosts holdings
Rhea-AI Filing Summary
American Coastal Insurance Corp’s Chief Compliance/Risk Officer James Andy Gray exercised multiple stock-based awards into common shares. On April 3, he converted performance stock units, restricted stock units, and dividend equivalent units into common stock, including a 9,829-share derivative exercise in common stock.
To cover tax obligations, 3,703 common shares were disposed of via share withholding, a non-market transaction, leaving him with 201,720 common shares held directly. He also continues to hold 16,833 performance stock units and 8,418 restricted stock units, which vest over three years based on service and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,371 shares exercised/converted
Mixed
8 txns
Insider
Gray James Andy
Role
Chief Compliance/Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 4,421 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,210 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 153 | $11.31 | $2K |
| Exercise | Dividend Equivalent Units | 94 | $11.85 | $1K |
| Exercise | Dividend Equivalent Units | 306 | $11.31 | $3K |
| Exercise | Dividend Equivalent Units | 187 | $11.85 | $2K |
| Exercise | Common Stock | 9,829 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,703 | $10.97 | $41K |
Holdings After Transaction:
Performance Stock Units — 16,833 shares (Direct);
Restricted Stock Units — 8,418 shares (Direct);
Dividend Equivalent Units — 564 shares (Direct);
Common Stock — 205,423 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
Derivative exercise into common stock: 9,829 shares
Tax-withholding shares: 3,703 shares
Common shares after transactions: 201,720 shares
+4 more
7 metrics
Derivative exercise into common stock
9,829 shares
Common Stock acquired via code M on April 3
Tax-withholding shares
3,703 shares
Common Stock disposed at $10.97/share, code F
Common shares after transactions
201,720 shares
Direct ownership following April 3 Form 4 events
Performance stock units held
16,833 units
Total performance stock units after April 3 vesting/exercise
Restricted stock units held
8,418 units
Total restricted stock units after April 3 vesting/exercise
Dividend equivalent unit prices
$11.31 and $11.85 per share
Reference prices for dividend equivalent unit conversions
Derivative exercise shares
7,371 shares
Underlying common shares from derivative exercises (code M)
Key Terms
Performance Stock Units, Restricted Stock Units, Dividend Equivalent Units, tax-withholding disposition, +1 more
5 terms
Performance Stock Units financial
"The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors."
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, rounded down to the nearest whole share of stock, 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.
Dividend Equivalent Units financial
"The dividend equivalent units will vest proportionately with the underlying restricted stock units to which they relate."
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.
vesting financial
"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."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did ACIC’s James Andy Gray report in this Form 4?
He reported exercising stock-based awards into common shares and a related tax-withholding share disposition. The transactions reflect compensation vesting rather than open-market buying or selling of American Coastal Insurance Corp (ACIC) stock.
What are the performance and restricted stock units held by ACIC’s Gray?
Following the transactions, he holds 16,833 performance stock units and 8,418 restricted stock units. Each unit represents a conditional right to one ACIC common share, subject to three-year vesting and, for performance units, achievement of specified performance factors.
How do dividend equivalent units work in this ACIC Form 4 filing?
The filing shows dividend equivalent units that convert into ACIC common stock. These units vest proportionately with the related restricted or performance stock units, effectively crediting additional shares that mirror dividends paid on the underlying awards over time.