Form 4: Universal Insurance Holdings Executive Chairman Sells 20,000 Shares
SEC Form 4
Sean P. Downes, Executive Chairman of Universal Insurance Holdings, sold 20,000 shares of common stock at an average price of $22.4714 on September 19, 2024.
Summary
- On September 19, 2024, Sean P. 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 $22.4714 per share.
- Following the transaction, Downes directly owns 1,082,262 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: Neutral sentiment as it's a standard disclosure of stock sale by an executive. The size of the sale is not significant relative to his holdings.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. It is difficult to assess the impact of this sale without more context.
Key Dates
| Date | Description |
|---|---|
| 09/19/2024 | Date of the stock sale transaction |
| 09/20/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.