Universal Insurance Holdings (UVE) director receives 3,414-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Insurance Holdings director Michael Pietrangelo reported an equity award of company stock. He received 3,414 shares of common stock as a grant at a price of $0.00 per share, increasing his direct holdings to 84,707 shares.
The award consists of restricted shares that 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 immediately preceding year's annual meeting. This is a compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PIETRANGELO MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,414 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 84,707 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted share grant: 3,414 shares
Grant price: $0.00 per share
Holdings after transaction: 84,707 shares
+2 more
5 metrics
Restricted share grant
3,414 shares
Common Stock award to director on June 11, 2026
Grant price
$0.00 per share
Equity award, non-cash compensation
Holdings after transaction
84,707 shares
Director’s direct ownership following the grant
Vesting date alternative 1
June 11, 2027
Time-based vesting trigger for restricted shares
Vesting date alternative 2
Next annual meeting
If at least 50 weeks after prior year’s 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 Universal Insurance Holdings (UVE) report for Michael Pietrangelo?
Universal Insurance Holdings director Michael Pietrangelo received 3,414 restricted shares of common stock as a grant at $0.00 per share. This award is a compensation-related acquisition, not an open-market purchase of shares on the stock exchange.
Is Michael Pietrangelo’s Universal Insurance Holdings (UVE) transaction a buy or a compensation award?
The transaction is a compensation award, not a market buy. The Form 4 shows a code “A” grant of 3,414 restricted shares at $0.00 per share, categorized as a grant, award, or other acquisition related to Michael Pietrangelo’s role as a director.