UVE CFO exercises 2,503 RSUs and updates holdings
UNIVERSAL INSURANCE HOLDINGS, INC.
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Form Type
4
Rhea-AI Filing Summary
UNIVERSAL INSURANCE HOLDINGS, INC. CFO Frank Wilcox exercised 2,503 Restricted Stock Units into 2,503 shares of Common Stock on March 27, 2026. To cover related taxes, 610 shares were withheld at $33.67 per share, leaving a net increase of 1,893 shares and total direct holdings of 136,272 shares. The RSU award vests in three annual installments: 2,503 shares on March 27, 2025, 2,503 shares on March 27, 2026, and 2,502 shares scheduled to vest on March 27, 2027, subject to continued employment.
Insider Trade Summary
2,503 shares exercised/converted
Exercise
3 txns
Insider
Wilcox Frank
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,503 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,503 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 610 | $33.67 | $21K |
Holdings After Transaction:
Restricted Stock Units — 2,502 contracts (Direct);
Common Stock — 136,272 shares (Direct)
Footnotes (3)
- F1. These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs on March 27, 2026.
- F2. Each RSU represents the right to receive one share of the Issuer's Common Stock, subject to vesting.
- F3. These RSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 2,503 shares vested on March 27, 2025; (b) 2,503 shares vested on March 27, 2026; and (c) 2,502 shares vest on March 27, 2027.
Key Figures
RSUs exercised: 2,503 units
Shares withheld for taxes: 610 shares at $33.67
Net shares from vesting: 1,893 shares
+2 more
5 metrics
RSUs exercised
2,503 units
Restricted Stock Units converted to Common Stock on March 27, 2026
Shares withheld for taxes
610 shares at $33.67
Tax withholding disposition related to RSU vesting on March 27, 2026
Net shares from vesting
1,893 shares
RSU shares exercised minus tax-withholding shares on March 27, 2026
Shares owned after transaction
136,272 shares
Direct Common Stock holdings following March 27, 2026 transactions
RSU vesting schedule
2,503 / 2,503 / 2,502 shares
Annual vesting on March 27 of 2025, 2026, and 2027
Key Terms
Restricted Stock Units, tax withholding obligation, vesting, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"The filing lists the security title as "Restricted Stock Units" and notes each RSU converts into one share."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"Shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs."
vesting financial
"Each RSU represents the right to receive one share of Common Stock, subject to vesting."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative exercise/conversion financial
"The transaction code description states an exercise or conversion of derivative security."
tax-withholding disposition financial
"The transaction action for the F code is described as a tax-withholding disposition."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UVE CFO Frank Wilcox report on this Form 4?
CFO Frank Wilcox exercised 2,503 Restricted Stock Units into 2,503 shares of Common Stock on March 27, 2026. This was a compensation-related derivative exercise rather than an open-market stock purchase, reflecting scheduled vesting of previously granted RSUs.
How do the UVE RSUs granted to the CFO vest over time?
The RSUs vest in three annual tranches: 2,503 shares vested on March 27, 2025, another 2,503 shares vested on March 27, 2026, and 2,502 shares are scheduled to vest on March 27, 2027, assuming continued employment through each applicable vesting date.
Does this UVE Form 4 show an open-market stock sale by the CFO?
No, the Form 4 shows a derivative exercise of 2,503 RSUs and a tax-withholding disposition of 610 shares. The withheld shares were used to satisfy tax obligations tied to RSU vesting, not discretionary open-market selling of shares by the CFO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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