Form 4: American Coastal Insurance Corp: Executive Brad Martz Reports Stock Transactions
SEC Form 4 Filing
Brad Martz, President of American Coastal Insurance Corp, reports the acquisition and disposal of common stock and derivative securities on May 27, 2024.
Summary
- On May 27, 2024, Brad Martz, President of American Coastal Insurance Corp, reported transactions involving the company's stock.
- Martz acquired 88,235 shares of common stock at $0 and disposed of 26,471 shares at $12.05.
- Following these transactions, Martz directly owns 284,141 shares of common stock.
- Martz also reported transactions involving Restricted Stock Units and Performance Stock Units, acquiring 29,411 and 39,216 units respectively.
- These units vest over three years, with one-third vesting each year.
- The number of shares delivered for each performance stock unit can range from 0% to 150% based on performance factors.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.
Stakeholder Impact
- The transactions may influence investor perception of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Date of earliest transaction (acquisition/disposal of securities). |
| 05/28/2024 | Date of signature by Attorney-in-Fact. |
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