Gray James Andy 4/A
4/A · AMERICAN COASTAL INSURANCE Corp · Filed Apr 2, 2025
Insider Transaction Report
Form 4/AAmended
Gray James Andy
Chief Compliance/Risk Officer
Transactions
- Award
Performance Stock Units
2024-05-14+13,259→ 13,259 total→ Common Stock (13,259 underlying) - Award
Nonqualified Stock Options
2024-05-14+8,848→ 13,259 totalExercise: $10.37Exp: 2024-04-03→ 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]This amendment is being filed to address an error in reporting the number of stock options and performance stock units granted to the reporting person.
- [F4]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.
- [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 down to the nearest whole share of stock, becoming exercisable in each period.