Universal Insurance chair sells 20,000 shares
Universal Insurance Holdings Executive Chairman Sean P. Downes reported an open-market sale of 20,000 shares of common stock at a weighted average price of $34.6036 per share.
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Rhea-AI Filing Summary
Universal Insurance Holdings Executive Chairman Sean P. Downes reported an open-market sale of 20,000 shares of common stock at a weighted average price of $34.6036 per share. After this sale, he directly holds 1,206,788 shares of Universal Insurance Holdings common stock.
In addition to his direct stake, the filing shows indirect holdings of 48,000 shares held by his children and 2,000 shares held by his spouse. The sale price reflects multiple trades executed between $34.19 and $35.07 per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $34.6036 | $692K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $34.19 to $35.07, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1).
FAQ
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What insider transaction did UVE Executive Chairman Sean P. Downes report?
What is the transaction type reported in Sean P. Downes’s UVE Form 4?
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