Form 4: Universal Insurance Holdings Executive Sells Shares to Cover Tax Obligations

Kimberly D. Campos, CIO & CAO of Universal Insurance Holdings, sold 406 shares of common stock to cover tax obligations related to vesting of restricted stock units.

Summary

• Kimberly D. Campos, the CIO & CAO of Universal Insurance Holdings, sold 406 shares of the company's common stock on December 17, 2024.
• The sale was executed at a price of $21.13 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of 1,666 restricted stock units (RSUs).
• Following the transaction, Ms. Campos directly owns 8,591 shares of Universal Insurance Holdings common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any specific trend or issue within the insurance industry.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across various industries, including insurance.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions when these units vest.
• The number of shares sold and the price are specific to this individual and company, and would need to be compared to other similar transactions at Universal Insurance Holdings to determine if it is unusual.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• The sale does not indicate any change in the company's performance or outlook.

Key Dates

Keywords

Universal Insurance Holdings, UVE, insider trading, Form 4, stock sale, restricted stock units, tax obligations, executive compensation