Form 4: Universal Insurance Holdings CFO Sells Shares to Cover Tax Obligations

Universal Insurance Holdings CFO, Frank Wilcox, sold 812 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Frank Wilcox, the CFO of Universal Insurance Holdings, sold 812 shares of common stock on December 17, 2024.
• The sale was executed at a price of $21.13 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of 3,333 restricted stock units (RSUs).
• Following the transaction, Mr. Wilcox directly owns 131,539 shares of Universal Insurance Holdings common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States.
• Executives selling shares to cover tax obligations from vesting RSUs is a common occurrence across various industries.
• The number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, insider trading, stock sale, restricted stock units, tax withholding, UVE, Universal Insurance Holdings, Frank Wilcox, CFO