0001401521-24-000076.txt : 20240516
0001401521-24-000076.hdr.sgml : 20240516
20240516160431
ACCESSION NUMBER: 0001401521-24-000076
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: MARTZ BRAD
CENTRAL INDEX KEY: 0001557785
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-52833
FILM NUMBER: 24955453
MAIL ADDRESS:
STREET 1: C/O UNITED INSURANCE HOLDINGS CORP.
STREET 2: 360 CENTRAL AVE., SUITE 900
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_1715889858.xml
FORM 4
X0508
4
2024-05-14
0
0001401521
AMERICAN COASTAL INSURANCE Corp
ACIC
0001557785
MARTZ BRAD
C/O AMERICAN COASTAL INSURANCE CORP
800 2ND AVENUE S.
ST. PETERSBURG
FL
33701
0
1
0
0
President
0
Common Stock
2024-05-14
4
M
0
50808
0
A
237619
D
Common Stock
2024-05-14
4
F
0
15242
12.23
D
222377
D
Restricted Stock Units
2024-05-14
4
A
0
38106
0
A
Common Stock
38106
96929
D
Restricted Stock Units
2024-05-14
4
A
0
17478
0
A
Common Stock
17478
114407
D
Performance Stock Units
2024-05-14
4
A
0
76212
0
A
Common Stock
76212
154643
D
Performance Stock Units
2024-05-14
4
A
0
34957
0
A
Common Stock
34957
189600
D
Nonqualified Stock Options
4.33
2024-05-14
4
A
0
53652
0
A
2033-05-04
Common Stock
53652
53652
D
Nonqualified Stock Options
10.37
2024-05-14
4
A
0
23327
0
A
2034-04-03
Common Stock
23327
23327
D
Restricted Stock Units
2024-05-14
4
M
0
12702
0
D
Common Stock
12702
101705
D
Performance Stock Units
2024-05-14
4
M
0
25404
0
D
Common Stock
25404
164196
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 Brad Martz
2024-05-16