ACIC CFO reports equity award exercises, tax withholding
AMERICAN COASTAL INSURANCE Corp Chief Financial Officer Svetlana Castle reported equity award activity rather than open-market trading.
Rhea-AI Filing Summary
AMERICAN COASTAL INSURANCE Corp Chief Financial Officer Svetlana Castle reported equity award activity rather than open-market trading. On May 7, 2026, she exercised or converted awards into 8,826 shares of common stock and related stock units, while 3,532 shares were withheld to cover tax obligations. After these transactions, she directly held 16,390 common shares. The filing also notes performance and restricted stock units, plus dividend equivalent units, that vest over three years based on service and, for performance units, the achievement of specified performance factors.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,619 shares exercised/converted
Exercise
6 txns
Insider
Castle Svetlana
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,069 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 4,138 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Units | 137 | $11.31 | $2K |
| Exercise | Dividend Equivalent Units | 275 | $11.31 | $3K |
| Exercise | Common Stock | 8,826 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,532 | $10.85 | $38K |
Holdings After Transaction:
Restricted Stock Units — 6,349 contracts (Direct);
Performance Stock Units — 12,695 contracts (Direct);
Dividend Equivalent Units — 1,280 contracts (Direct);
Common Stock — 16,390 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
Award-related common shares acquired: 8,826 shares
Shares withheld for taxes: 3,532 shares
Shares held after tax withholding: 16,390 shares
+2 more
5 metrics
Award-related common shares acquired
8,826 shares
Common Stock transactions on May 7, 2026
Shares withheld for taxes
3,532 shares
Tax-withholding disposition at $10.85 per share on May 7, 2026
Shares held after tax withholding
16,390 shares
Total common stock directly owned after Form 4 transactions
Derivative exercises (units)
6,619 units
ExerciseShares in derivative transactions on May 7, 2026
Tax-withholding transaction value
$38,616.20
3,532 shares at $10.85 per share
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..."
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..."
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..."
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.
derivative security financial
"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.
FAQ
What did ACIC CFO Svetlana Castle report in this Form 4 filing?
ACIC CFO Svetlana Castle reported equity award activity, not market trades. She exercised or converted awards into common stock and related units, with a portion of shares withheld to pay taxes, reflecting routine compensation and vesting rather than discretionary buying or selling.
Were Svetlana Castle’s ACIC transactions open-market buys or sells?
The filing indicates no open-market buys or sells by Svetlana Castle. Reported codes include an exercise or conversion of derivative securities and a tax-withholding disposition, meaning shares were issued from equity awards and some were withheld to satisfy tax liabilities, not traded on the market.
What are the performance and restricted stock units reported for ACIC’s CFO?
The Form 4 describes performance stock units and restricted stock units that each convert into one ACIC common share upon vesting. These units generally vest over three years in one-third increments, with performance units delivering between 0% and 150% of the target shares depending on performance factors.
What are dividend equivalent units in the ACIC Form 4 for the CFO?
Dividend equivalent units in the filing represent credits tied to dividends on underlying equity awards. Each unit corresponds to potential ACIC common stock and vests proportionately with the related restricted or performance stock units, aligning additional share delivery with the vesting schedule of the underlying awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
