Universal Insurance (NYSE: UVE) director receives 3,414-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brown Shannon A reported acquisition or exercise transactions in this Form 4 filing.
UNIVERSAL INSURANCE HOLDINGS, INC. director Shannon A. Brown reported an equity award of 3,414 shares of common stock. The award was granted at a price of $0.00 per share, indicating a compensation-related grant rather than a market purchase. Following this award, Brown directly holds 16,138 common shares. These restricted shares will vest on the earlier of June 11, 2027 or the date of the next annual meeting that is at least 50 weeks after the prior year’s annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brown Shannon A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,414 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,138 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 3,414 shares
Grant price per share: $0.00 per share
Shares held after grant: 16,138 shares
+1 more
4 metrics
Restricted stock grant
3,414 shares
Common stock award to director on June 11, 2026
Grant price per share
$0.00 per share
Compensation-related restricted stock award
Shares held after grant
16,138 shares
Director’s direct common stock holdings post-transaction
Latest vesting date
June 11, 2027
Restricted shares vest on earlier of this date or qualifying annual meeting
Key Terms
restricted shares, vest, annual meeting, Grant, award, or other acquisition
4 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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did UVE director Shannon A. Brown report?
Shannon A. Brown reported receiving an equity award of 3,414 shares of Universal Insurance Holdings common stock. The award is compensation-related, not a market purchase, and increases Brown’s direct holdings while remaining subject to future vesting conditions.