Crawford Troy J 4

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.