Form 4: Universal Insurance Holdings Executive Campos Sells Shares to Cover Tax Obligations
SEC Form 4
Kimberly D. Campos, CIO & CAO of Universal Insurance Holdings, sold 406 shares of common stock on December 16, 2024, to cover tax obligations related to vesting RSUs.
Summary
- On December 16, 2024, Kimberly D. Campos, the CIO & CAO of Universal Insurance Holdings, sold 406 shares of common stock.
- The sale was executed to satisfy tax withholding obligations associated with the vesting of 1,667 Restricted Stock Units (RSUs).
- The price per share was $21.13.
- Following the transaction, Campos directly owns 8,997 shares of Universal Insurance Holdings.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations related to equity compensation.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of transaction: Kimberly Campos sold 406 shares to cover tax obligations related to vesting RSUs. |
| 12/16/2024 | Date of RSU vesting: 1,667 RSUs vested, triggering the tax obligation. |
| 12/18/2024 | Date of Form 4 filing. |
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