Form 4: Universal Insurance Holdings Executive Chairman Sean P. Downes Reports Tax Withholding Transaction
SEC Form 4
Sean P. Downes, Executive Chairman of Universal Insurance Holdings, reports the withholding of 3,592 common stock shares to cover tax obligations related to RSU vesting.
Summary
- On March 31, 2025, Sean P. Downes, the Executive Chairman of Universal Insurance Holdings, reported a transaction involving the withholding of 3,592 shares of common stock.
- The shares were withheld to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) on March 30, 2025.
- Following the transaction, Downes directly owns 991,667 shares of common stock.
- Downes 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 filing related to tax withholding, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/30/2025 | Vesting of Restricted Stock Units (RSUs) |
| 03/31/2025 | Date of transaction: withholding of shares for tax obligations |
| 04/01/2025 | Date of signature on the Form 4 |
Keywords
Form 4, Sean P. Downes, Universal Insurance Holdings, UVE, Executive Chairman, Tax Withholding, RSU Vesting, Beneficial Ownership, Common Stock
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