Svetlana Castle - May 14, 2024 Form 4 Insider Report for AMERICAN COASTAL INSURANCE Corp (ACIC)

Role
Chief Financial Officer
Signature
/s/ Alexander Baty, Attorney-in-Fact for Svetlana Castle
Stock symbol
ACIC
Transactions as of
May 14, 2024
Transactions value $
$0
Form type
4
Date filed
5/16/2024, 04:04 PM
Previous filing
Jan 26, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACIC Restricted Stock Units Award $0 +6.63K $0.00 6.63K May 14, 2024 Common Stock 6.63K Direct F1, F2, F3
transaction ACIC Performance Stock Units Award $0 +8.85K $0.00 8.85K May 14, 2024 Common Stock 8.85K Direct F1, F2, F4, F5
transaction ACIC Nonqualified Stock Options Award $0 +13.3K $0.00 13.3K May 14, 2024 Common Stock 13.3K $10.37 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock unit represents a conditional right to receive one share of the company's common stock.
F2 Grant pursuant to the Amended and Restated American Coastal Insurance Corporation 2020 Omnibus Incentive Plan, effective April 3, 2024, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024.
F3 The restricted stock units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period.
F4 The performance units are subject to vesting over three years with one third, rounded to the nearest whole share of stock, vesting in each period.
F5 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.
F6 Exercise of the nonqualified award is subject to vesting over three years with one third, rounded to the nearest whole share of stock, becoming exercisable in each period.