Universal Insurance (NYSE: UVE) director receives 3,414-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gordon Marlene reported acquisition or exercise transactions in this Form 4 filing.
UNIVERSAL INSURANCE HOLDINGS, INC. director Marlene Gordon received a grant of 3,414 shares of common stock as an equity award. These are 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. Following this grant, Gordon directly holds 28,475 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gordon Marlene
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,414 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,475 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 3,414 shares
Shares held after transaction: 28,475 shares
Transaction price per share: $0.0000 per share
+1 more
4 metrics
Restricted shares granted
3,414 shares
Equity award to director on June 11, 2026
Shares held after transaction
28,475 shares
Director direct ownership following grant
Transaction price per share
$0.0000 per share
Indicates grant/award, not market purchase
Vesting date trigger
June 11, 2027
Latest vesting date for restricted shares
Key Terms
restricted shares, annual meeting, grant, award, or other acquisition
3 terms
annual meeting financial
"...or (ii) the date of the next annual meeting that is at least 50 weeks..."
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 Marlene Gordon report on this Form 4?
Director Marlene Gordon reported receiving a grant of 3,414 shares of Universal Insurance Holdings common stock. The award was made at no cash cost per share, reflecting stock-based compensation rather than an open-market purchase or sale.
What does transaction code 'A' mean in Marlene Gordon’s UVE Form 4?
Transaction code "A" represents a grant, award, or other acquisition of securities. In this case, it reflects 3,414 restricted shares of Universal Insurance Holdings common stock granted to director Marlene Gordon as compensation, rather than shares bought in the open market.