ACIC COO updates holdings after equity vesting
American Coastal Insurance Corp Chief Operating Officer Christopher Griffith reported routine equity award activity.
Rhea-AI Filing Summary
American Coastal Insurance Corp Chief Operating Officer Christopher Griffith reported routine equity award activity. On May 7, 2026, he exercised stock-based awards, including performance and restricted stock units and related dividend equivalent units, increasing his common stock holdings.
To cover tax obligations, 4,751 shares of common stock were disposed of at $10.85 per share through a tax-withholding transaction, not an open-market sale. After these transactions, Griffith directly holds 140,724 shares of common stock, with vested awards delivered as shares rather than cash.
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Insider Trade Summary
9,628 shares exercised/converted
Exercise
6 txns
Insider
Griffith Christopher
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,010 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 6,019 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Units | 200 | $11.31 | $2K |
| Exercise | Dividend Equivalent Units | 399 | $11.31 | $5K |
| Exercise | Common Stock | 12,838 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,751 | $10.85 | $52K |
Holdings After Transaction:
Restricted Stock Units — 9,233 contracts (Direct);
Performance Stock Units — 18,467 contracts (Direct);
Dividend Equivalent Units — 1,863 contracts (Direct);
Common Stock — 140,724 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
Tax-withholding shares: 4,751 shares
Tax-withholding price: $10.85/share
Shares after non-derivative transactions: 145,475 shares
+3 more
6 metrics
Tax-withholding shares
4,751 shares
Common stock disposed at $10.85 per share for tax withholding
Tax-withholding price
$10.85/share
Price used for 4,751-share tax-withholding disposition
Shares after non-derivative transactions
145,475 shares
Common stock directly owned following reported Form 4 transactions
Common shares from one exercise
12,838 shares
Common stock acquired via derivative exercise (code M)
Derivative exercises total
9,628 shares
Shares underlying exercised dividend equivalent, performance, and restricted stock units
Tax-withholding count
1 transaction
One F-code tax-withholding disposition in the period
Key Terms
restricted stock units, performance stock units, dividend equivalent units, tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"The restricted stock units are subject to vesting over three years with one third..."
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.
performance stock units financial
"The performance units are subject to vesting over three years with one third..."
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.
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.
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.
FAQ
What insider transactions did ACIC COO Christopher Griffith report on May 7, 2026?
Christopher Griffith reported exercising stock-based awards and a related tax-withholding disposition. He received common shares from performance stock units, restricted stock units, and dividend equivalent units, while 4,751 shares were withheld and disposed of to satisfy tax obligations on the vesting events.
What equity awards did Christopher Griffith exercise or convert in this ACIC Form 4?
The filing shows Griffith exercised or converted performance stock units, restricted stock units, and related dividend equivalent units. Each stock unit represents a conditional right to receive one common share, and these awards delivered shares as they vested according to their three-year vesting schedules.
How do performance stock units work for ACIC’s Christopher Griffith?
Performance stock units vest over three years, with one third vesting each period. The number of common shares ultimately delivered per unit depends on performance factors, ranging from 0% to 150% of the stated units based on the applicable award agreement terms.
What are dividend equivalent units in the context of ACIC’s Form 4?
Dividend equivalent units mirror dividends on underlying stock units and convert into common shares. For Griffith, these units vest proportionately with the related restricted stock units and performance stock units, meaning they follow the same vesting schedule and deliver common stock when the underlying awards vest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
