Castle Svetlana 4

What Happened Svetlana Castle, Chief Financial Officer of American Coastal Insurance Corp (ACIC), received three awards on May 12, 2026 totaling 31,219 stock units: 7,200 units, 14,400 units, and 9,619 units. The awards are recorded at $0.00 at grant (derivative awards), meaning no cash was exchanged at the time of grant. These awards include restricted stock units, performance stock units, and a nonqualified award that vest or become exercisable over time rather than representing immediate common shares.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (filed two days after the transaction).
• Reported grant amounts: 7,200; 14,400; and 9,619 stock units — total 31,219 units — grant price $0.00 (derivative awards).
• Shares owned after transaction: Not specified in the provided excerpt.
• Notable footnotes:
  • Each stock unit equals a conditional right to one common share (F1).
  • Restricted stock units vest over three years, with roughly one-third vesting each period (F2).
  • Performance units vest over three years; actual shares delivered may range from 0% to 150% of the target units depending on performance (F3, F4).
  • The nonqualified award vests/becomes exercisable over three years, one-third in each period (F5).
• Transaction type: Award/Grant (code A) — not a purchase or sale of existing shares.

Context These are equity compensation awards typical for executives; they are derivative grants that convert to common shares only if vesting and performance conditions are met. Because no shares were sold or purchased and no cash changed hands at grant, this filing does not indicate an immediate bullish or bearish trade by the insider — it documents future compensation potential contingent on vesting and performance.