Castle Svetlana 4
4 · AMERICAN COASTAL INSURANCE Corp · Filed May 16, 2024
Insider Transaction Report
Form 4
Castle Svetlana
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2024-05-14+6,630→ 6,630 total→ Common Stock (6,630 underlying) - Award
Nonqualified Stock Options
2024-05-14+13,259→ 13,259 totalExercise: $10.37Exp: 2034-04-03→ Common Stock (13,259 underlying) - Award
Performance Stock Units
2024-05-14+8,848→ 8,848 total→ Common Stock (8,848 underlying)
Footnotes (6)
- [F1]Each stock unit represents a conditional right to receive one share of the company's common stock.
- [F2]Grant pursuant to the Amended and Restated American Coastal Insurance Corporation 2020 Omnibus Incentive Plan, effective April 3, 2024, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024.
- [F3]The restricted stock units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period.
- [F4]The performance units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period.
- [F5]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.
- [F6]Exercise of the nonqualified award is subject to vesting over three years with one third, rounded to the nearest whole share of stock, becoming exercisable in each period.