0001401521-24-000075.txt : 20240516
0001401521-24-000075.hdr.sgml : 20240516
20240516160410
ACCESSION NUMBER: 0001401521-24-000075
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240514
FILED AS OF DATE: 20240516
DATE AS OF CHANGE: 20240516
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Adler Brooke
CENTRAL INDEX KEY: 0001857512
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-52833
FILM NUMBER: 24955437
MAIL ADDRESS:
STREET 1: 800 2ND AVE S
CITY: ST PETERSBURG
STATE: FL
ZIP: 33701
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AMERICAN COASTAL INSURANCE Corp
CENTRAL INDEX KEY: 0001401521
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
ORGANIZATION NAME: 02 Finance
IRS NUMBER: 753241967
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 800 2ND AVE S
CITY: SAINT PETERSBURG
STATE: FL
ZIP: 33701
BUSINESS PHONE: 727-895-7737
MAIL ADDRESS:
STREET 1: 800 2ND AVE S
CITY: SAINT PETERSBURG
STATE: FL
ZIP: 33701
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED INSURANCE HOLDINGS CORP.
DATE OF NAME CHANGE: 20081002
FORMER COMPANY:
FORMER CONFORMED NAME: FMG ACQUISITION CORP
DATE OF NAME CHANGE: 20070531
4
1
wk-form4_1715889826.xml
FORM 4
X0508
4
2024-05-14
0
0001401521
AMERICAN COASTAL INSURANCE Corp
ACIC
0001857512
Adler Brooke
800 2ND AVE S
ST. PETERSBURG
FL
33701
0
1
0
0
General Counsel
0
Common Stock
2024-05-14
4
M
0
21171
0
A
33803
D
Common Stock
2024-05-14
4
F
0
6351
12.23
D
27452
D
Restricted Stock Units
2024-05-14
4
A
0
15878
0
A
Common Stock
15878
40388
D
Restricted Stock Units
2024-05-14
4
A
0
8438
0
A
Common Stock
8438
48826
D
Performance Stock Units
2024-05-14
4
A
0
31755
0
A
Common Stock
31755
64434
D
Performance Stock Units
2024-05-14
4
A
0
16876
0
A
Common Stock
16876
81310
D
Nonqualified Stock Options
4.33
2024-05-14
4
A
0
22355
0
A
2033-05-04
Common Stock
22355
22355
D
Nonqualified Stock Options
10.37
2024-05-14
4
A
0
11261
0
A
2034-04-03
Common Stock
11261
11261
D
Restricted Stock Units
2024-05-14
4
M
0
5293
0
D
Common Stock
5293
43533
D
Performance Stock Units
2024-05-14
4
M
0
10585
0
D
Common Stock
10585
70725
D
Each stock unit represents a conditional right to receive one share of the company's common stock.
Grant pursuant to the Amended and Restated American Coastal Insurance Corporation 2020 Omnibus Incentive Plan (the "Plan"), effective May 4, 2023, subject to the stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024.
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.
Grant pursuant to the Plan effective April 3, 2024, subject to stockholder approval of the Plan. Stockholder approval of the Plan was obtained on May 14, 2024.
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.
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.
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.
/s/ Alexander Baty, Attorney-in-Fact for Brooke Adler
2024-05-16