American Coastal (ACIC) insider awarded 5,000 common shares in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peed Daniel reported acquisition or exercise transactions in this Form 4 filing.
American Coastal Insurance Corp director and 10% owner Daniel Peed received a grant of 5,000 shares of Common Stock. The award was recorded at a price of $0.00 per share and increased his direct holdings to 1,986,936 shares. He also indirectly holds 11,876,563 shares through Peed FLP1, Ltd., L.L.P., a limited liability partnership wholly owned by him.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Peed Daniel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,986,936 shares (Direct, null);
Common Stock — 11,876,563 shares (Indirect, See Footnote)
Footnotes (1)
- [object Object]
Key Figures
Stock grant: 5,000 shares
Grant price: $0.00 per share
Direct holdings after grant: 1,986,936 shares
+1 more
4 metrics
Stock grant
5,000 shares
Common Stock grant coded “A” on Form 4
Grant price
$0.00 per share
Stated transaction price for the 5,000-share award
Direct holdings after grant
1,986,936 shares
Total Common Stock directly owned after the transaction
Indirect holdings
11,876,563 shares
Common Stock held via Peed FLP1, Ltd., L.L.P.
Key Terms
Grant, award, or other acquisition, indirect ownership, limited liability partnership, 10% owner
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: See Footnote"
limited liability partnership financial
"Peed FLP1, Ltd., L.L.P., a limited liability partnership"
A limited liability partnership (LLP) is a business structure where partners run the company together while each partner’s personal responsibility for the firm’s debts and other partners’ mistakes is capped, much like roommates who share rent but aren’t personally on the hook for a roommate’s separate loan. For investors, an LLP matters because it changes how losses, legal risks and profits flow to owners and can affect the stability, credit risk and tax treatment of investments tied to the business.
10% owner financial
"is_ten_percent_owner: 1 for the reporting person"
FAQ
What insider transaction did ACIC director Daniel Peed report?
ACIC director and 10% owner Daniel Peed reported receiving a grant of 5,000 shares of American Coastal Insurance Corp Common Stock. The shares were awarded at a stated price of $0.00 per share as a compensation-related acquisition, not an open-market purchase or sale.
What indirect ACIC holdings are associated with Daniel Peed?
The Form 4 shows 11,876,563 ACIC Common Stock shares held indirectly through Peed FLP1, Ltd., L.L.P. A footnote explains this limited liability partnership is wholly owned by Daniel Peed, so these shares are attributed as indirect ownership associated with him in the filing.