ACIC officer exercises stock units, pays taxes in shares
AMERICAN COASTAL INSURANCE Corp Secretary Brooke Adler reported compensation-related stock transactions, not open-market trading.
Rhea-AI Filing Summary
AMERICAN COASTAL INSURANCE Corp Secretary Brooke Adler reported compensation-related stock transactions, not open-market trading. On May 4, 2026, she exercised multiple equity awards, including performance stock units, restricted stock units and related dividend equivalent units, converting them into shares of common stock at a stated exercise price of $0.00 per share.
A separate transaction shows 5,935 shares of common stock disposed of at $11.65 per share as a tax-withholding disposition, meaning shares were withheld to satisfy tax obligations rather than sold in the open market. Adler continues to hold a direct ownership stake after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,644 shares exercised/converted
Exercise
8 txns
Insider
Adler Brooke
Role
Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unites | 5,292 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 10,585 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Units | 366 | $11.31 | $4K |
| Exercise | Dividend Equivalent Units | 732 | $11.31 | $8K |
| Exercise | Dividend Equivalent Units | 223 | $11.85 | $3K |
| Exercise | Dividend Equivalent Units | 446 | $11.85 | $5K |
| Exercise | Common Stock | 23,526 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,935 | $11.65 | $69K |
Holdings After Transaction:
Restricted Stock Unites — 10,713 contracts (Direct);
Performance Stock Units — 21,424 contracts (Direct);
Dividend Equivalent Units — 2,508 contracts (Direct);
Common Stock — 112,874 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
Tax-withheld shares: 5,935 shares at $11.65
Common shares from option exercise: 23,526 shares at $0.00
Performance stock units exercised: 10,585 units at $0.00
+5 more
8 metrics
Tax-withheld shares
5,935 shares at $11.65
Common stock tax-withholding disposition on May 4, 2026
Common shares from option exercise
23,526 shares at $0.00
Non-derivative exercise/conversion on May 4, 2026
Performance stock units exercised
10,585 units at $0.00
Converted into common stock on May 4, 2026
Restricted stock units exercised
5,292 units at $0.00
Converted into common stock on May 4, 2026
Dividend equivalent units exercised
446 units at $11.85
Dividend equivalents tied to restricted stock units
Dividend equivalent units exercised
732 units at $11.31
Dividend equivalents tied to performance stock units
Total derivative exercises
17,644 shares
ExerciseShares in transaction summary for May 4, 2026
Tax-withholding transactions
1 transaction, 5,935 shares
TaxWithholdingCount and TaxWithholdingShares in summary
Key Terms
Performance Stock Units, restricted stock units, Dividend Equivalent Units, tax-withholding disposition, +1 more
5 terms
Performance Stock Units financial
"The performance units are subject to vesting over three years with one third"
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.
Dividend Equivalent Units financial
"The dividend equivalent units will vest proportionately with the underlying restricted stock 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.
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 exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What did ACIC officer Brooke Adler report in this Form 4?
Brooke Adler reported exercising several equity awards into AMERICAN COASTAL INSURANCE Corp common stock and a related tax-withholding share disposal. These are compensation-driven transactions, not open-market buying or selling of shares.
What types of equity awards did Brooke Adler exercise at ACIC?
Brooke Adler exercised performance stock units, restricted stock units, and associated dividend equivalent units, each convertible into common shares. These awards carried a stated exercise or conversion price of $0.00, so they functioned as stock-based compensation rather than cash-funded purchases.
Were Brooke Adler’s ACIC transactions open-market buys or sells?
No open-market buys or sells are shown. The filing records derivative exercises converting awards into common stock and one F-code tax-withholding disposition, where shares were withheld to satisfy obligations. These events are routine for equity compensation programs, not discretionary trading.
How do dividend equivalent units work in ACIC officer compensation?
Dividend equivalent units mirror dividends on underlying stock units. The filing states these units vest proportionately with related restricted or performance stock units, then convert into common shares. They provide additional share-based compensation aligned with dividend payments, without separate cash dividend receipts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
