Universal Insurance (NYSE: UVE) director receives 3,414 restricted shares award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Springer Jon reported acquisition or exercise transactions in this Form 4 filing.
UNIVERSAL INSURANCE HOLDINGS, INC. director Jon Springer received a grant of 3,414 shares of common stock as equity compensation at no cash cost. Following this award, he directly holds 250,734 shares. These restricted shares vest on the earlier of June 11, 2027 or the next qualifying annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Springer Jon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,414 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 250,734 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 3,414 shares
Award price: $0.00 per share
Holdings after grant: 250,734 shares
+1 more
4 metrics
Shares granted
3,414 shares
Restricted common stock award to director Jon Springer
Award price
$0.00 per share
Equity compensation grant, non-cash
Holdings after grant
250,734 shares
Total direct common stock holdings after transaction
Vesting date
June 11, 2027
Latest possible vesting date for restricted shares
Key Terms
restricted shares, vest, annual meeting
3 terms
vest financial
"These restricted shares will vest on the earlier of (i) June 11, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting financial
"the date of the next annual meeting that is at least 50 weeks after"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did UVE director Jon Springer report?
Jon Springer reported receiving a grant of 3,414 shares of Universal Insurance Holdings common stock. The shares were awarded at no cash cost as equity compensation and increase his direct holdings to 250,734 shares following the transaction.