Castle Svetlana 4
4 · AMERICAN COASTAL INSURANCE Corp · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
American Coastal (ACIC) CFO Svetlana Castle Exercises Shares, Sells for Taxes
What Happened
Svetlana Castle, CFO of American Coastal Insurance Corp (ACIC), reported multiple equity conversions/exercises on May 7, 2026. The filing shows she acquired 8,826 shares through conversion/exercise of derivative awards. The filing also lists dispositions totaling 10,151 shares; 3,944 of those shares were surrendered/sold for cash proceeds of $42,981 (including 3,532 shares withheld to cover tax liability for $38,322), while 6,207 shares are shown as disposed at $0 (no cash proceeds reported). These transactions reflect award vesting/conversion and tax withholding rather than an open-market purchase.
Key Details
- Transaction date: May 7, 2026; Form filed May 11, 2026.
- Acquired via exercise/conversion (Code M): 8,826 shares @ $0.00 (no cash paid).
- Disposed (total): 10,151 shares comprised of:
- 3,532 shares withheld/sold for taxes @ $10.85 = $38,322 (Code F).
- 137 shares disposed @ $11.31 = $1,549; 275 shares disposed @ $11.31 = $3,110.
- 2,069 and 4,138 shares listed as disposed @ $0 (no proceeds).
- Cash proceeds reported: $42,981 (from the non-zero-price dispositions).
- Shares owned after the transactions: Not specified in the provided filing excerpt.
- Footnotes: awards include restricted stock units and performance units that vest over three years (one-third per period); performance payouts may range from 0%–150% depending on results; dividend equivalent units vest with the underlying awards. The F-code indicates shares were used to satisfy tax withholding.
Context
These entries appear to reflect the scheduled vesting/conversion of equity awards (RSUs/PSUs) and customary tax withholding, not an open-market buy or discretionary sale. Several disposition lines show $0 proceeds, consistent with internal settlement/withholding mechanics rather than market sales. This is routine executive equity settlement activity; it is factual reporting of award conversion and tax withholding, not an explicit endorsement or rejection of company stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-07+8,826→ 19,922 total - Tax Payment
Common Stock
2026-05-07$10.85/sh−3,532$38,322→ 16,390 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-07−2,069→ 6,349 total→ Common Stock (2,069 underlying) - Exercise/Conversion
Performance Stock Units
[F1][F3][F4]2026-05-07−4,138→ 12,695 total→ Common Stock (4,138 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F1][F5]2026-05-07$11.31/sh−137$1,549→ 427 total→ Common Stock (137 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F1][F6]2026-05-07$11.31/sh−275$3,110→ 853 total→ Common Stock (275 underlying)
Footnotes (6)
- [F1]Each stock unit represents a conditional right to receive one share of the company's common stock.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]The dividend equivalent units will vest proportionately with the underlying restricted stock units to which they relate.
- [F6]The dividend equivalent units will vest proportionately with the underlying performance stock units to which they relate.