Form 4: American Coastal Insurance Corp: General Counsel Adler Reports Stock Disposal
SEC Form 4 Filing
Brooke Adler, General Counsel of American Coastal Insurance Corp, disposed of 494 shares of common stock on April 23, 2024, to cover tax obligations.
Summary
- On April 23, 2024, Brooke Adler, the General Counsel of American Coastal Insurance Corp (ACIC), disposed of 494 shares of common stock.
- The transaction was executed at a price of $10.73 per share.
- Following the transaction, Adler directly owns 12,632 shares of ACIC common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is likely related to covering tax obligations associated with stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of stock disposal transaction |
| 04/25/2024 | Date of signature on the Form 4 filing |
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