Universal Insurance (NYSE: UVE) CEO awarded 24,072 time‑vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donaghy Stephen reported acquisition or exercise transactions in this Form 4 filing.
Universal Insurance Holdings CEO Stephen Donaghy received a new equity award. On March 2, 2026, he was granted 24,072 restricted stock units, each representing one share of common stock, at no purchase price. The RSUs vest in three equal installments of 8,024 shares on March 2 of 2027, 2028, and 2029, contingent on his continued employment through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Donaghy Stephen
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 24,072 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 24,072 shares (Direct)
Footnotes (1)
- Each RSU represents the right to receive one share of the Issuer's Common Stock, subject to vesting. These RSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 8,024 shares vest on March 2, 2027; (b) 8,024 shares vest on March 2, 2028; and (c) 8,024 shares vest on March 2, 2029.
FAQ
What insider transaction did UVE CEO Stephen Donaghy report on this Form 4?
Stephen Donaghy reported receiving a grant of 24,072 restricted stock units. Each RSU represents one share of Universal Insurance Holdings common stock, awarded at no purchase price, as part of his equity-based compensation package subject to vesting conditions over several years.
How many restricted stock units did UVE grant to its CEO Stephen Donaghy?
Universal Insurance Holdings granted Stephen Donaghy 24,072 restricted stock units. These units give him the right to receive an equal number of common shares, provided he satisfies the specified vesting conditions tied to continued employment through future vesting dates.
What is the vesting schedule for Stephen Donaghy’s 24,072 UVE RSUs?
The 24,072 RSUs vest in three equal tranches of 8,024 shares. Vesting occurs on March 2, 2027, March 2, 2028, and March 2, 2029, and each installment requires Stephen Donaghy to remain employed through the applicable vesting date.
Does Stephen Donaghy need to pay for the UVE restricted stock units granted?
No, the restricted stock units were granted at a price of $0.0000 per unit. This means Stephen Donaghy is not required to pay a purchase price for the RSUs, though he must meet the vesting and continued employment conditions to receive the underlying shares.
What does each restricted stock unit granted to UVE’s CEO represent?
Each restricted stock unit represents the right to receive one share of Universal Insurance Holdings common stock. Delivery of these shares is contingent on the RSUs vesting according to the schedule and on Stephen Donaghy remaining employed through each specified vesting date.
How many derivative securities does Stephen Donaghy hold after this RSU grant from UVE?
After the grant, Stephen Donaghy is shown as directly holding 24,072 restricted stock units. These units reflect his right to obtain the same number of Universal Insurance Holdings common shares as they vest over the three-year vesting schedule outlined in the award terms.