Form 4: Universal Insurance Holdings Executive Chairman Sean Downes Sells 20,000 Shares
SEC Form 4 Filing
Sean Downes, Executive Chairman of Universal Insurance Holdings, sold 20,000 shares of common stock at an average price of $18.314 on June 14, 2024.
Summary
- On June 14, 2024, Sean Downes, the Executive Chairman of Universal Insurance Holdings, sold 20,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $18.314 per share.
- Following the transaction, Downes directly owns 1,142,262 shares of Universal Insurance Holdings.
- He also indirectly owns 18,000 shares through his children and 2,000 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by an executive. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale as slightly negative.
Industry Context
This transaction is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company executives regarding the company's stock.
Stakeholder Impact
- The sale of shares by a key executive could potentially influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Sean Downes sold 20,000 shares of Universal Insurance Holdings common stock. |
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