Form 4: American Coastal Insurance Corp: Officer Adler Reports Stock Unit Vesting and Share Disposals

Brooke Adler, Secretary of American Coastal Insurance Corp, reports the vesting of performance and restricted stock units, along with associated share disposals to cover tax obligations.

Summary

• On April 3, 2025, Brooke Adler, Secretary of American Coastal Insurance Corp, reported transactions involving common stock and derivative securities.
• Adler vested 5,625 Performance Stock Units, 2,812 Restricted Stock Units, 119 Dividend Equivalent Units related to Restricted Stock Units, and 238 Dividend Equivalent Units related to Performance Stock Units.
• 11,726 shares of common stock were acquired upon the vesting of stock units.
• 3,581 shares were disposed of at a price of $11.08 to cover tax obligations.
• Following these transactions, Adler directly owns 61,332 shares of common stock.
• Adler also holds 48,760 Performance Stock Units, 28,466 Restricted Stock Units, 1,201 Dividend Equivalent Units related to Restricted Stock Units, and 2,056 Dividend Equivalent Units related to Performance Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by an officer.
• The vesting of stock units is part of the officer's compensation package.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Units, ACIC, American Coastal Insurance, Adler Brooke, Vesting, Share Disposal