Form 4: Universal Insurance Holdings Executive Chairman Sean Downes Reports Stock Transactions
SEC Form 4 Filing
Sean Downes, Executive Chairman of Universal Insurance Holdings, reports the withholding of shares to cover tax obligations related to RSU vesting and details beneficial ownership.
Summary
- Sean Downes, the Executive Chairman of Universal Insurance Holdings, filed a Form 4.
- The filing reports that 5,380 shares of Common Stock were withheld on December 16, 2024, at a price of $21.13 to satisfy tax withholding obligations related to the vesting of 13,672 RSUs on December 14, 2024.
- Following the transaction, Downes directly owns 1,041,818 shares of Common Stock.
- Downes also indirectly owns 2,000 shares through his spouse and 18,000 shares through his children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey 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 activity related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/14/2024 | Vesting date of 13,672 RSUs. |
| 12/16/2024 | Date of the stock transaction where 5,380 shares were withheld for tax obligations. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
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