[Form 4] AMERICAN COASTAL INSURANCE Corp Insider Trading Activity
AMERICAN COASTAL INSURANCE Corp President & CEO Brad Martz received new equity awards as part of his compensation.
Rhea-AI Filing Summary
AMERICAN COASTAL INSURANCE Corp President & CEO Brad Martz received new equity awards as part of his compensation. He was granted 34,298 nonqualified stock options with an exercise price of $10.59 per share, along with performance and restricted stock units tied to the company’s common stock.
The grants include 51,346 performance stock units and 25,673 restricted stock units, each representing a right to receive one share if conditions are met. All three awards vest over three years in roughly equal annual installments, and the performance units can pay out between 0% and 150% of the stated amount based on performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 25,673 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 51,346 | $0.00 | $0.00 |
| Grant/Award | Nonqualified Stock Options | 34,298 | $0.00 | $0.00 |
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
Key Terms
Nonqualified Stock Options financial
Performance Stock Units financial
Restricted Stock Units financial
vesting financial
performance factors financial
exercise price financial
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