Form 4: American Coastal Insurance Corp: CFO Svetlana Castle Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Chief Financial Officer Svetlana Castle reports the acquisition of restricted stock units in American Coastal Insurance Corp.
Summary
- On January 10, 2025, Svetlana Castle, the Chief Financial Officer of American Coastal Insurance Corp, acquired 280 restricted stock units.
- These units represent a conditional right to receive one share of the company's common stock each.
- The price of the derivative security is $11.85.
- Following this transaction, Castle beneficially owns 6,910 derivative securities.
- The dividend equivalent units will vest proportionately with the underlying restricted stock units to which they relate.
Sentiment
Score: 5
Explanation: This is a neutral report on stock unit acquisition by a company officer, with no inherent positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Svetlana Castle's holdings of American Coastal Insurance Corp securities.
Stakeholder Impact
- The acquisition of restricted stock units by a company officer can be seen as a positive sign by shareholders, indicating confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Date of transaction: Svetlana Castle acquired 280 restricted stock units. |
| 01/17/2025 | Date of signature: Alexander Baty, Attorney-in-Fact for Svetlana Castle, signed the report. |
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