Form 4: Universal Insurance Holdings CFO Frank Wilcox Reports Stock Transaction
SEC Form 4 Filing
Frank Wilcox, CFO of Universal Insurance Holdings, reports a transaction involving the withholding of common stock to cover tax obligations related to RSU vesting.
Summary
- On December 16, 2024, Frank Wilcox, CFO of Universal Insurance Holdings, had 812 shares of common stock withheld to satisfy tax obligations.
- This was related to the vesting of 3,333 Restricted Stock Units (RSUs).
- The price per share for the transaction was $21.13.
- Following the transaction, Wilcox directly owns 132,351 shares of Universal Insurance Holdings common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested RSUs, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of RSUs, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of stock transaction (tax withholding related to RSU vesting) |
| 12/18/2024 | Date of Form 4 filing |
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