Crawford Troy J 4
4 · AMERICAN COASTAL INSURANCE Corp · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
American Coastal (ACIC) Chief Underwriting Officer Troy Crawford Receives Grants
What Happened
Troy Crawford, Chief Underwriting Officer of American Coastal Insurance Corp (ACIC), received three derivative awards on May 12, 2026: 8,263 stock units, 16,525 restricted stock units, and 11,038 performance units. All awards are reported at $0.00 per share (grant/award) and total 35,826 stock units; these are equity awards, not open‑market purchases or sales.
Key Details
- Transaction date: May 12, 2026. Form filed: May 14, 2026 (filed within the Form 4 two‑business‑day window).
- Reported price: $0.00 (award/grant; derivative instrument).
- Shares owned after transaction: not specified in the filing.
- Transaction code: A = Grant/Award.
- Footnote highlights from the filing:
- Each stock unit equals a conditional right to one share (F1).
- Restricted stock units vest over three years, with one‑third (rounded down) vesting each period (F2).
- Performance units vest over three years, one‑third each period; final shares delivered depend on performance and can range from 0% to 150% of the target (F3, F4).
- A nonqualified award is subject to a three‑year vesting/exercisability schedule, with one‑third becoming exercisable each period (F5).
Context
- These are grants (derivative awards) rather than purchases or sales; the economic benefit depends on future vesting and, for performance units, achievement of performance targets.
- Because performance units can pay out between 0% and 150% of the target, the actual number of shares eventually received could be higher or lower than the reported amounts.
- Grants are common compensation for executives and do not, by themselves, signal an immediate buy/sell decision by the insider.
Insider Transaction Report
Form 4
Crawford Troy J
Chief Underwriting Officer
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-05-12+8,263→ 8,263 total→ Common Stock (8,263 underlying) - Award
Performance Stock Units
[F1][F3][F4]2026-05-12+16,525→ 16,525 total→ Common Stock (16,525 underlying) - Award
Nonqualified Stock Options
[F5]2026-05-12+11,038→ 11,038 totalExercise: $10.59Exp: 2036-05-12→ Common Stock (11,038 underlying)
Footnotes (5)
- [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]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.
Signature
/s/ Alexander Baty, Attorney-in-Fact for Troy Crawford|2026-05-14