American Coastal Insurance (ACIC) CFO exercises stock units, covers taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Coastal Insurance Corp’s Chief Financial Officer Svetlana Castle exercised and converted several equity awards into common stock on April 3, 2026. She acquired shares through performance stock units, restricted stock units, and dividend equivalent units, then used a portion of the resulting stock to cover taxes.
Castle exercised or converted a total of 7,371 stock units into common stock at a stated exercise price of $0.00 per share, and 9,829 shares of common stock are shown as acquired in a related non-derivative entry. To satisfy tax obligations, 3,934 common shares were withheld in a tax-withholding disposition at $10.97 per share. After these transactions, she directly holds 11,096 shares of common stock, indicating a routine compensation-related vesting and tax-settlement event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,371 shares exercised/converted
Mixed
8 txns
Insider
Castle Svetlana
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 4,421 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,210 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 153 | $11.31 | $2K |
| Exercise | Dividend Equivalent Units | 94 | $11.85 | $1K |
| Exercise | Dividend Equivalent Units | 306 | $11.31 | $3K |
| Exercise | Dividend Equivalent Units | 187 | $11.85 | $2K |
| Exercise | Common Stock | 9,829 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,934 | $10.97 | $43K |
Holdings After Transaction:
Performance Stock Units — 16,833 shares (Direct);
Restricted Stock Units — 8,418 shares (Direct);
Dividend Equivalent Units — 564 shares (Direct);
Common Stock — 15,030 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
Derivative units exercised: 7,371 units
Common shares acquired (non-derivative entry): 9,829 shares
Shares withheld for taxes: 3,934 shares
+3 more
6 metrics
Derivative units exercised
7,371 units
Total stock units exercised or converted into common shares on April 3, 2026
Common shares acquired (non-derivative entry)
9,829 shares
Common stock acquisition linked to derivative exercises on April 3, 2026
Shares withheld for taxes
3,934 shares
Tax-withholding disposition at $10.97 per share on April 3, 2026
Post-transaction common holdings
11,096 shares
Direct common stock holdings after all reported transactions
Dividend equivalent units exercised (11.31 price row)
153 units
Dividend equivalent units converting into 153 common shares at $11.31 reference price
Dividend equivalent units exercised (11.85 price row)
94 units
Dividend equivalent units converting into 94 common shares at $11.85 reference price
Key Terms
Performance Stock Units, Restricted Stock Units, Dividend Equivalent Units, tax-withholding disposition, +2 more
6 terms
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
"security_title: "Restricted Stock Units""
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.
Dividend Equivalent Units financial
"security_title: "Dividend Equivalent Units""
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.
vesting over three years financial
"subject to vesting over three years with one third vesting"
performance factors financial
"depends on the achievement of certain performance factors"
FAQ
What insider transactions did ACIC CFO Svetlana Castle report?
Svetlana Castle reported exercising and converting stock-based awards into common shares and settling taxes in shares. She exercised performance stock units, restricted stock units, and dividend equivalent units, then had 3,934 common shares withheld to cover tax obligations on April 3, 2026.
What are performance stock units and restricted stock units at ACIC?
Each unit represents a conditional right to receive one share of common stock. Performance stock units depend on achieving specific performance factors, while restricted stock units vest over three years, with one-third vesting in each period based on the award terms.
What are dividend equivalent units in the ACIC CFO’s filing?
Dividend equivalent units mirror dividends on underlying stock units and convert into common shares. They vest proportionately with the related restricted or performance stock units, so as those underlying awards vest, corresponding dividend equivalent units also convert into additional common shares.