Wilcox Frank 4
4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Universal Insurance (UVE) CFO Frank Wilcox Receives RSUs; 567 Withheld
What Happened
Frank Wilcox, Chief Financial Officer of Universal Insurance Holdings, had 2,326 restricted stock units (RSUs vest) on March 19, 2026. The RSUs converted to 2,326 shares (acquired at $0 cost per the filing). To satisfy tax withholding, 567 of those shares were withheld/disposed at $32.89 each for a total withholding of $18,649, leaving a net delivery of about 1,759 shares. This is an award/vesting event with routine tax withholding rather than an open‑market purchase or sale.
Key Details
- Transaction date: March 19, 2026; Form 4 filed March 20, 2026 (appears timely).
- Vesting/acquisition: 2,326 RSUs converted to 2,326 shares (derivative exercise/conversion, code M).
- Tax withholding/disposition: 567 shares withheld (code F) at $32.89/share for $18,649 (reported).
- Net shares delivered to insider: ~1,759 shares (2,326 vested minus 567 withheld).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnotes: F1 = shares withheld to satisfy tax withholding on RSU vesting; F2 = each RSU = one share; F3 = remaining RSUs vest 3/19/2027 (2,326) and 3/19/2028 (2,325).
Context
This was a routine RSU vesting and tax‑withholding transaction (often called a cashless settlement). The filing shows conversion of RSUs to shares and withholding to pay the tax obligation — not a market sale for investment purposes. Remaining RSU awards are scheduled to vest over the next two years per the footnotes.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-19+2,326→ 134,946 total - Tax Payment
Common Stock
[F1]2026-03-19$32.89/sh−567$18,649→ 134,379 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-19−2,326→ 4,651 totalFrom: 2026-03-19Exp: 2028-03-19→ Common Stock (2,326 underlying)
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 19, 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) 2,326 shares vested on March 19, 2026; (b) 2,326 shares vest on March 19, 2027; and (c) 2,325 shares vest on March 19, 2028.