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