0000891166-23-000033.txt : 20230331
0000891166-23-000033.hdr.sgml : 20230331
20230331185828
ACCESSION NUMBER: 0000891166-23-000033
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230329
FILED AS OF DATE: 20230331
DATE AS OF CHANGE: 20230331
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DOWNES SEAN P
CENTRAL INDEX KEY: 0001287040
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33251
FILM NUMBER: 23789807
MAIL ADDRESS:
STREET 1: 2875 N.E. 191ST
STREET 2: SUITE 300
CITY: MIAMI
STATE: FL
ZIP: 33180
FORMER NAME:
FORMER CONFORMED NAME: DOWNES SEAN
DATE OF NAME CHANGE: 20040414
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNIVERSAL INSURANCE HOLDINGS, INC.
CENTRAL INDEX KEY: 0000891166
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 650231984
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1110 W. COMMERCIAL BLVD.
STREET 2: SUITE 100
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33309
BUSINESS PHONE: 954-958-1200
MAIL ADDRESS:
STREET 1: 1110 W. COMMERCIAL BLVD.
STREET 2: SUITE 100
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33309
FORMER COMPANY:
FORMER CONFORMED NAME: UNIVERSAL INSURANCE HOLDINGS INC
DATE OF NAME CHANGE: 20010330
FORMER COMPANY:
FORMER CONFORMED NAME: UNIVERSAL HEIGHTS INC
DATE OF NAME CHANGE: 19950817
4
1
wf-form4_168030349589990.xml
FORM 4
X0407
4
2023-03-29
0
0000891166
UNIVERSAL INSURANCE HOLDINGS, INC.
UVE
0001287040
DOWNES SEAN P
1110 WEST COMMERCIAL BOULEVARD
SUITE 100
FORT LAUDERDALE
FL
33309
1
0
0
0
0
Common Stock
2023-03-29
4
S
0
10000
18.8343
D
1348209
D
Common Stock
2023-03-30
4
S
0
10000
18.3693
D
1338209
D
Common Stock
2023-03-30
4
A
0
27382
0
A
1365591
D
Common Stock
18000
I
By Children
Common Stock
2000
I
By Spouse
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $18.76 to $18.93, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1).
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $18.23 to $18.90, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).
Each restricted stock unit ("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) 9,128 restricted shares vest on March 30, 2024; (b) 9,127 restricted shares vest on March 30, 2025; and (c) 9,127 restricted shares vest on March 30, 2026.
/s/ Sean Downes
2023-03-31