AMERICAN COASTAL (NASDAQ: ACIC) CEO exercises stock units, covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN COASTAL INSURANCE Corp President & CEO Brad Martz reported compensation-related share movements rather than open-market trading. On 2026-05-04, 22,589 shares of Common Stock were disposed of at $11.65 per share to satisfy tax obligations by delivering shares.
On the same date, he exercised or converted various stock-based awards, including Performance Stock Units, restricted stock units and related Dividend Equivalent Units, receiving additional Common Stock at a $0.00 exercise price. Following these transactions, he directly held 437,945 shares of Common Stock.
Positive
- None.
Negative
- None.
Insights
CEO’s Form 4 shows equity awards vesting and tax withholding, not open-market trades.
Brad Martz, President & CEO of AMERICAN COASTAL INSURANCE Corp, reported exercising stock-based awards and covering related taxes with shares on 2026-05-04. A code F transaction disposed of 22,589 Common shares at $11.65 solely to pay tax obligations.
Multiple code M entries reflect exercises or conversions of Performance Stock Units, restricted stock units and Dividend Equivalent Units at a $0.00 exercise price. After these movements, Martz directly held 437,945 Common shares. With no open-market buys or sells and no remaining derivatives listed, this appears to be routine equity compensation activity with neutral investment signaling.
Insider Trade Summary
42,348 shares exercised/converted
Mixed
8 txns
Insider
MARTZ BRAD
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unites | 12,702 | $0.00 | -- |
| Exercise | Performance Stock Units | 25,404 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 878 | $11.31 | $10K |
| Exercise | Dividend Equivalent Units | 1,756 | $11.31 | $20K |
| Exercise | Dividend Equivalent Units | 536 | $11.85 | $6K |
| Exercise | Dividend Equivalent Units | 1,072 | $11.85 | $13K |
| Exercise | Common Stock | 56,464 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,589 | $11.65 | $263K |
Holdings After Transaction:
Restricted Stock Unites — 28,399 shares (Direct, null);
Performance Stock Units — 56,793 shares (Direct, null);
Dividend Equivalent Units — 1,900 shares (Direct, null);
Common Stock — 437,945 shares (Direct, null)
Footnotes (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. 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
Tax-withholding shares: 22,589 shares at $11.65
Common shares after transactions: 437,945 shares
Award exercises: 42,348 shares
+2 more
5 metrics
Tax-withholding shares
22,589 shares at $11.65
Common Stock delivered to cover tax obligations on 2026-05-04
Common shares after transactions
437,945 shares
Direct Common Stock ownership following transactions
Award exercises
42,348 shares
Total derivative exercise shares per transactionSummary
Tax-withholding count
1 transaction
Code F tax-withholding disposition on 2026-05-04
Exercise transactions
6 transactions
Code M derivative exercises or conversions
Key Terms
Dividend Equivalent Units, Performance Stock Units, restricted stock units, tax-withholding disposition, +2 more
6 terms
Dividend Equivalent Units financial
"security_title": "Dividend Equivalent 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.
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
"The restricted stock units are subject to vesting over three years"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
conditional right financial
"Each stock unit represents a conditional right to receive one share"
FAQ
What did ACIC CEO Brad Martz report in this Form 4?
Brad Martz reported equity award exercises and tax-related share withholding. He exercised Performance Stock Units, restricted stock units and Dividend Equivalent Units, and used 22,589 Common shares at $11.65 per share to cover tax obligations, ending with 437,945 Common shares held directly.
Did the ACIC CEO buy or sell ACIC stock on the open market?
The Form 4 does not show any open-market purchases or sales. The only disposition was a code F tax-withholding transaction using 22,589 Common shares at $11.65 per share, tied to vesting and exercises of stock-based awards, not a discretionary market trade.
What does the tax-withholding disposition in the ACIC Form 4 mean?
The tax-withholding disposition used shares to pay taxes on vested awards. A code F transaction shows 22,589 Common shares valued at $11.65 per share were delivered to satisfy tax liabilities arising from equity award vesting, instead of paying taxes in cash.
Which equity awards were involved in the ACIC CEO’s Form 4 filing?
The filing involves Performance Stock Units, restricted stock units and Dividend Equivalent Units. These derivative awards were exercised or converted at a $0.00 exercise price into Common Stock, with vesting terms and performance-based delivery percentages described in the accompanying footnotes.