Form 4: Universal Insurance Holdings CEO Stephen Donaghy Reports Tax Withholding Transaction
SEC Form 4 Filing
CEO Stephen Donaghy reports a transaction involving the withholding of common stock to cover tax obligations related to vesting RSUs.
Summary
- On March 31, 2025, Stephen Donaghy, CEO of Universal Insurance Holdings, reported a transaction on SEC Form 4.
- The transaction involved the withholding of 6,286 shares of common stock at a price of $23.7 per share.
- These shares were withheld to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) on March 30, 2025.
- Following the transaction, Donaghy directly owns 704,961 shares of Universal Insurance Holdings common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard transaction related to tax obligations on vested RSUs.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/30/2025 | Vesting date of Restricted Stock Units (RSUs) |
| 03/31/2025 | Date of the reported transaction (stock withholding) |
| 04/01/2025 | Date of signature on the SEC Form 4 filing |
Keywords
Form 4, Stephen Donaghy, Universal Insurance Holdings, UVE, CEO, Stock withholding, RSUs, Tax obligations, Beneficial ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.