Form 4: American Coastal Insurance Corp: Executive Acquires Restricted Stock Units
SEC Form 4 Filing
James Andy Gray, Chief Compliance/Risk Officer of American Coastal Insurance Corp, acquired 280 restricted stock units on January 10, 2025.
Summary
- On January 10, 2025, James Andy Gray, the Chief Compliance/Risk Officer of American Coastal Insurance Corp (ACIC), acquired 280 restricted stock units.
- These stock 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 the transaction, Gray directly 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 event. It's a standard disclosure of executive compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.
Stakeholder Impact
- The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Date of transaction: James Andy Gray acquired 280 restricted stock units. |
| 01/17/2025 | Date of signature: Alexander Baty, Attorney-in-Fact for James Gray, signed the form. |
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