Form 4: Universal Insurance Holdings Director Sells Shares

Michael Pietrangelo, a director at Universal Insurance Holdings, sold 12,351 shares of common stock at an average price of $20.4262 on May 10, 2024.

Summary

• On May 10, 2024, Michael Pietrangelo, a director of Universal Insurance Holdings, Inc. (UVE), sold 12,351 shares of common stock.
• The sale was executed at a weighted average price of $20.4262 per share.
• The prices for individual transactions ranged from $20.3025 to $20.475.
• Following the transaction, Pietrangelo directly owns 80,074 shares of Universal Insurance Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but insider sales can sometimes be interpreted negatively by the market.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sale by a director could potentially influence investor sentiment.

Key Dates