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