POITEVINT ALEC II 4
Research Summary
AI-generated summary
American Coastal (ACIC) Director Alec Poitevint II Receives 5,000-Share Award
What Happened
- Alec Poitevint II, a director of American Coastal Insurance Corp (ACIC), was granted 5,000 shares on 2026-05-26. The reported acquisition price is $0.00, indicating an award/grant (transaction code A) rather than a market purchase; total cash paid reported = $0.
Key Details
- Transaction date: 2026-05-26; Filing date: 2026-05-28 (filed within the standard two-business-day window).
- Price: $0.00 per share; Shares acquired: 5,000; Reported total cash outlay: $0.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes: F1 — shares held indirectly through SEM Minerals, LP (Reporting Person is Chairman & President of SEM Minerals, Inc., the GP). F2 — shares held indirectly through Mineral Associates, Inc.; Reporting Person has voting and investment power over these securities.
- Transaction type: Award/grant (often compensation or restricted stock), not an open-market buy or sale.
Context
- Grants at $0.00 typically reflect compensation (restricted stock or similar awards) and do not necessarily indicate an immediate market-directional bet by the insider. No sale, exercise-for-cash, or tax-withholding disposition is reported here. The filing appears timely.