Universal Insurance Holdings (UVE) chair nets shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Insurance Holdings executive chairman Sean P. Downes reported routine equity compensation activity tied to restricted stock units (RSUs). On March 27, 2026, he exercised 8,342 RSUs, receiving the same number of common shares at $0.00 per share, while 3,283 shares of common stock were withheld at $33.67 per share to cover tax obligations. On March 30, 2026, an additional 3,592 shares of common stock were withheld at $34.16 per share for tax withholding related to RSU vesting. After these transactions, he directly holds 1,208,255 common shares and has 8,341 RSUs scheduled to vest on March 27, 2027, plus indirect holdings of 2,000 shares through a spouse and 48,000 shares through children.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,342 shares exercised/converted
Mixed
6 txns
Insider
DOWNES SEAN P
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,592 | $34.16 | $123K |
| Exercise | Restricted Stock Units | 8,342 | $0.00 | -- |
| Exercise | Common Stock | 8,342 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,283 | $33.67 | $111K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,208,255 shares (Direct);
Restricted Stock Units — 8,341 shares (Direct);
Common Stock — 2,000 shares (Indirect, By Spouse)
Footnotes (1)
- These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs on March 27, 2026. These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs on March 30, 2026. Each RSU represents the right to receive one share of the Issuer's Common Stock, subject to vesting. These RSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 8,342 shares vested on March 27, 2025; (b) 8,342 shares vested on March 27, 2026; and (c) 8,341 shares vest on March 27, 2027.
Key Figures
RSUs exercised: 8,342 units
Tax withholding shares: 6,875 shares
Direct common shares after transactions: 1,208,255 shares
+5 more
8 metrics
RSUs exercised
8,342 units
Converted into 8,342 common shares on March 27, 2026
Tax withholding shares
6,875 shares
3,283 at $33.67 and 3,592 at $34.16 for RSU tax
Direct common shares after transactions
1,208,255 shares
Direct holdings following March 30, 2026 withholding
Remaining RSUs
8,341 units
Scheduled to vest on March 27, 2027
Indirect spouse holdings
2,000 shares
Common stock held indirectly by spouse
Indirect children holdings
48,000 shares
Common stock held indirectly by children
Tax withholding price 1
$33.67 per share
Price for 3,283 withheld shares on March 27, 2026
Tax withholding price 2
$34.16 per share
Price for 3,592 withheld shares on March 30, 2026
Key Terms
Restricted Stock Units, tax withholding obligation, vesting, derivative security, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote defining each RSU"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"shares of Common Stock were withheld to satisfy the tax withholding obligation"
vesting financial
"in connection with the vesting of RSUs on March 27, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"Common Stock ... indirect ... nature_of_ownership: By Spouse / By Children"
FAQ
What transactions did UVE executive chairman Sean P. Downes report on this Form 4?
Sean P. Downes reported RSU-related activity, exercising 8,342 restricted stock units into common stock and having 6,875 common shares withheld to cover tax obligations. These events reflect compensation and tax mechanics, not open-market buying or selling of Universal Insurance Holdings shares.
What RSUs remain outstanding for Sean P. Downes at Universal Insurance Holdings?
Following the exercise of 8,342 RSUs, the filing shows 8,341 restricted stock units remaining. According to the vesting schedule, these RSUs are expected to vest on March 27, 2027, assuming Sean P. Downes continues in employment through that vesting date.