MARTZ BRAD 4

What Happened Brad Martz, President & CEO of American Coastal Insurance Corp (ACIC), was granted equity awards on May 12, 2026 totaling 111,317 derivative units: 25,673 stock units, 51,346 restricted stock units, and 34,298 performance units. All grants show an acquisition price of $0 (i.e., awards/compensation rather than a cash purchase). These are not immediate common stock transfers — they are contingent awards that convert to shares only if/when vesting and performance conditions are met.

Key Details

• Transaction date: 2026-05-12; Form 4 filed 2026-05-14 (timely filing under Form 4 rules).
• Grants and stated amounts (acquisition price $0): 25,673 stock units; 51,346 restricted stock units; 34,298 performance units (total 111,317 units).
• Shares owned after transaction: not disclosed in the provided filing.
• Vesting and payout notes (from filing footnotes):
  • Each stock unit represents a conditional right to one common share.
  • Restricted stock units vest over three years: one-third (rounded down) vest each period.
  • Performance units vest over three years (one-third per period); final payout per performance unit can range from 0% to 150% of target depending on performance.
  • A nonqualified award referenced is also subject to three-year vesting (one-third exercisable each period).
• These entries are award/grant transactions (code A) — not open-market buys or sales.

Context These are compensation awards that may convert into shares over time if vesting and performance conditions are met, so they do not represent an immediate purchase or sale signal. Performance units carry payout risk (0–150% of target), so the ultimate share count and value depend on future results.