ACIC (ACIC) CEO Brad Martz exercises stock awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN COASTAL INSURANCE Corp President & CEO Brad Martz reported compensation-related equity activity rather than open-market trading. On May 7, he exercised awards to acquire 32,093 shares of common stock at an exercise price of $0.00 per share.
He also settled vested dividend equivalent, performance, and restricted stock units linked to a total of 24,070 shares of common stock. To cover tax obligations, 12,838 shares of common stock were disposed of at $10.85 per share through a tax-withholding mechanism, not an open-market sale. After these transactions, he directly holds 447,449 shares of common stock.
Positive
- None.
Negative
- None.
Insights
CEO activity reflects routine equity vesting with tax withholding, not open‑market trading.
Brad Martz, President & CEO of AMERICAN COASTAL INSURANCE Corp, exercised stock-based awards tied to 32,093 common shares at $0.00 per share and converted various stock units representing 24,070 underlying shares. These are compensation-driven events, not discretionary market purchases.
To satisfy tax obligations, 12,838 shares were disposed of at $10.85 via a tax-withholding mechanism, which is distinct from selling shares in the open market. Following these actions, Martz directly holds 447,449 common shares. Overall, the pattern is routine and conveys a neutral signal for investors.
Insider Trade Summary
24,070 shares exercised/converted
Mixed
6 txns
Insider
MARTZ BRAD
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,524 | $0.00 | -- |
| Exercise | Performance Stock Units | 15,048 | $0.00 | -- |
| Exercise | Dividend Equivalent Units | 500 | $11.31 | $6K |
| Exercise | Dividend Equivalent Units | 998 | $11.31 | $11K |
| Exercise | Common Stock | 32,093 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,838 | $10.85 | $139K |
Holdings After Transaction:
Restricted Stock Units — 20,875 shares (Direct, null);
Performance Stock Units — 41,745 shares (Direct, null);
Dividend Equivalent Units — 1,400 shares (Direct, null);
Common Stock — 447,449 shares (Direct, null)
Footnotes (1)
- Each stock unit represents a conditional right to receive one share of the company's common stock. 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 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 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
Tax-withholding shares: 12,838 shares at $10.85
Common shares acquired via exercise: 32,093 shares at $0.00
Shares from unit conversions: 24,070 underlying shares
+3 more
6 metrics
Tax-withholding shares
12,838 shares at $10.85
Common stock disposed to cover tax liability
Common shares acquired via exercise
32,093 shares at $0.00
Non-derivative exercise on May 7
Shares from unit conversions
24,070 underlying shares
Dividend equivalent, performance and restricted stock units
Post-transaction holdings
447,449 shares
Common stock held directly after transactions
Tax withholding value reference price
$10.85 per share
Price used for tax-withheld common shares
Dividend equivalent unit prices
$11.31 per unit
Dividend equivalent unit transactions on May 7
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 with one third..."
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 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.
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
"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 exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What did ACIC CEO Brad Martz do in this Form 4 filing?
Brad Martz exercised stock-based awards and settled equity units into common shares. He acquired 32,093 common shares at a $0.00 exercise price and converted additional units tied to 24,070 shares, with a portion of shares withheld to cover tax obligations.
What types of equity awards were involved for ACIC CEO Brad Martz?
The transactions involved dividend equivalent units, performance stock units, and restricted stock units. These awards collectively related to 24,070 underlying common shares, which were exercised or converted as they vested under their respective award agreements and performance conditions.
Is the ACIC Form 4 for Brad Martz considered routine compensation activity?
Yes. The Form 4 shows routine compensation-related activity: equity award vesting, derivative exercises at a $0.00 price, and tax withholding. There are no open-market buys or sells, so the filing mainly updates ownership records without signaling a change in investment sentiment.