Form 4: Universal Insurance Holdings Executive Chairman Sells 20,000 Shares

Sean P. Downes, Executive Chairman of Universal Insurance Holdings, sold 20,000 shares of common stock on October 31, 2024.

Summary

• On October 31, 2024, Sean P. Downes, the Executive Chairman of Universal Insurance Holdings, Inc. (UVE), sold 20,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $20.2104 per share, with individual transactions ranging from $19.97 to $20.395.
• Following the transaction, Downes directly owns 1,062,262 shares of Universal Insurance Holdings, Inc.
• 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 regulatory filing regarding a stock sale by an executive. 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 a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders.

Stakeholder Impact

• The sale of shares by a key executive could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding.

Key Dates