Form 4: Universal Insurance Holdings CFO Frank Wilcox Reports Stock Transactions
SEC Form 4 Filing
Frank Wilcox, CFO of Universal Insurance Holdings, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 27, 2025, Frank Wilcox, CFO of Universal Insurance Holdings, had 2,503 restricted stock units (RSUs) vest.
- Following the vesting, 610 shares of common stock were withheld to satisfy tax obligations at a price of $22.85 per share.
- Wilcox now directly owns 133,432 shares of Universal Insurance Holdings common stock.
- He also holds 5,005 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reporting person has additional restricted stock units scheduled to vest in the future, subject to continued employment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity compensation.
- Employees may be interested in the details of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Vesting of 2,503 restricted stock units. |
| 03/27/2025 | Tax withholding of 610 shares of common stock. |
| 03/27/2026 | Scheduled vesting of 2,503 shares. |
| 03/27/2027 | Scheduled vesting of 2,502 shares. |
| 03/31/2025 | Date of signature on the Form 4. |
Keywords
Form 4, Insider Trading, Stock Options, Restricted Stock Units, UVE, Universal Insurance Holdings, Frank Wilcox, CFO
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