American Coastal Insurance (ACIC) COO exercises stock awards, shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Coastal Insurance Corp Chief Operating Officer Christopher Griffith exercised several equity awards tied to the company’s common stock. He converted performance stock units, restricted stock units, and dividend equivalent units into common shares, including an exercise of 14,294 shares of common stock.
To cover tax obligations on these awards, 4,241 common shares were withheld in a tax-withholding transaction, rather than sold in the open market. After these transactions, Griffith directly owns 113,075 shares of American Coastal common stock. The awards vest over three years, with payouts linked to performance and dividend equivalents vesting in step with the underlying units.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,720 shares exercised/converted
Mixed
8 txns
Insider
Griffith Christopher
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 6,430 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,215 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 222 | $11.31 | $3K |
| Exercise | Dividend Equivalent Units | 136 | $11.85 | $2K |
| Exercise | Dividend Equivalent Units | 445 | $11.31 | $5K |
| Exercise | Dividend Equivalent Units | 272 | $11.85 | $3K |
| Exercise | Common Stock | 14,294 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,241 | $10.97 | $47K |
Holdings After Transaction:
Performance Stock Units — 38,459 shares (Direct);
Restricted Stock Units — 19,229 shares (Direct);
Dividend Equivalent Units — 1,304 shares (Direct);
Common Stock — 117,316 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
Common shares exercised: 14,294 shares
Tax-withholding shares: 4,241 shares
Shares held after transaction: 113,075 shares
+3 more
6 metrics
Common shares exercised
14,294 shares
Common Stock acquired via derivative exercise on 2026-04-03
Tax-withholding shares
4,241 shares
Common Stock withheld for tax liability at $10.97/share
Shares held after transaction
113,075 shares
Common Stock directly owned following 2026-04-03 transactions
Derivative exercises
10,720 shares
Total underlying shares from derivative exercises in this filing
Dividend Equivalent Units exercised (set 1)
445 units
Converted to common stock at reference price $11.31/unit
Dividend Equivalent Units exercised (set 2)
272 units
Converted to common stock at reference price $11.85/unit
Key Terms
Dividend Equivalent Units, Performance Stock Units, Restricted Stock Units, tax-withholding disposition, +1 more
5 terms
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.
Performance Stock Units financial
"The performance units are subject to vesting over three years with one third vesting in each period."
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 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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
