Form 4 for UVE UNIVERSAL INSURANCE HOLDINGS, INC.
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0000891166-22-000024 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-03 | 2022-03-01 | UVE | Donaghy Stephen | CEO, Dir | F - Tax | $11.70 | -4,766 | 650.9K | -0.7% | -$55.8K |
| D | 2022-03-03 | 2022-03-01 | UVE | Donaghy Stephen | CEO, Dir | M - OptEx | — | +17.0K | 655.7K | +3% | — |
| D | 2022-03-03 | 2022-03-01 | UVE | Donaghy Stephen | CEO, Dir | M - OptEx | — | -17.0K | 16.0K | -52% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-01 | F | D | 4,766 | $11.70 | 650,887 | D | — | — | (F2) These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the settlement of vested PSUs into shares of Common Stock. |
| 2 | Common | Common Stock | 2022-03-01 | M | A | 17,000 | — | 655,653 | D | — | — | (F1) These performance share units ("PSUs") were granted on March 1, 2021, and were conditional upon the Issuer meeting certain growth performance goals for the 2020 calendar year. On February 23, 2021, the Compensation Committee of the Issuer's Board of Directors confirmed that the Issuer met the performance goals for the 2020 calendar year. Each PSU represents the right to receive one share of Common Stock upon vesting. The PSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 17,000 PSUs vested on March 1, 2021, (b) 17,000 PSUs vested on March 1, 2022, and (c) 16,000 PSUs vest on December 31, 2022. |
| 3 | Derivative | Performance Share Units | 2022-03-01 | M | D | 17,000 | — | 16,000 | D | — · — to — | 17,000 Common Stock | (F1) These performance share units ("PSUs") were granted on March 1, 2021, and were conditional upon the Issuer meeting certain growth performance goals for the 2020 calendar year. On February 23, 2021, the Compensation Committee of the Issuer's Board of Directors confirmed that the Issuer met the performance goals for the 2020 calendar year. Each PSU represents the right to receive one share of Common Stock upon vesting. The PSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 17,000 PSUs vested on March 1, 2021, (b) 17,000 PSUs vested on March 1, 2022, and (c) 16,000 PSUs vest on December 31, 2022. |