0001401521-24-000078.txt : 20240516
0001401521-24-000078.hdr.sgml : 20240516
20240516160506
ACCESSION NUMBER: 0001401521-24-000078
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: Griffith Christopher
CENTRAL INDEX KEY: 0001777165
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-52833
FILM NUMBER: 24955463
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_1715889891.xml
FORM 4
X0508
4
2024-05-14
0
0001401521
AMERICAN COASTAL INSURANCE Corp
ACIC
0001777165
Griffith Christopher
800 2ND AVE S
ST PETERSBURG
FL
33701
0
1
0
0
Chief Operating Officer
0
Common Stock
2024-05-14
4
M
0
27944
0
A
109068
D
Common Stock
2024-05-14
4
F
0
8383
12.23
D
100685
D
Restricted Stock Units
2024-05-14
4
A
0
20958
0
A
Common Stock
20958
53310
D
Restricted Stock Units
2024-05-14
4
A
0
9643
0
A
Common Stock
9643
62953
D
Performance Stock Units
2024-05-14
4
A
0
41917
0
A
Common Stock
41917
85054
D
Performance Stock Units
2024-05-14
4
A
0
19286
0
A
Common Stock
19286
104340
D
Nonqualified Stock Options
4.33
2024-05-14
4
A
0
29508
0
A
2033-05-04
Common Stock
29508
29508
D
Nonqualified Stock Options
10.37
2024-05-14
4
A
0
12870
0
A
2034-04-03
Common Stock
12870
12870
D
Restricted Stock Units
2024-05-14
4
M
0
6986
0
D
Common Stock
6986
55967
D
Performance Stock Units
2024-05-14
4
M
0
13972
0
D
Common Stock
13972
90368
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 down to the nearest whole share of stock, becoming exercisable in each period.
/s/ Alexander Baty, Attorney-in-Fact for Christopher Griffith
2024-05-16