DOWNES SEAN P 4

4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Mar 20, 2026

AI-generated summary of this filing

Updated Mar 20, 2026

Universal Insurance (UVE) Exec Chairman Sean Downes Receives RSUs

What Happened

Sean P. Downes, Executive Chairman and Director of Universal Insurance Holdings, had 12,791 restricted stock units (RSUs) convert into 12,791 shares on March 19, 2026. To satisfy tax withholding, 5,034 of those shares were withheld (disposed) at an implied value of $32.89 per share, totaling $165,568. The RSU conversion is reported as a derivative exercise/conversion (code M); the withholding is reported under code F.

Key Details

Transaction date: March 19, 2026; filing date: March 20, 2026 (timely).
Conversion: 12,791 RSUs -> 12,791 shares (acquired at $0.00 as RSU settlement).
Tax withholding: 5,034 shares withheld/disposed at $32.89 = $165,568 (reported as F).
Remaining RSUs schedule (per footnote): 12,791 vest on 3/19/2027 and 12,790 vest on 3/19/2028.
Shares owned after the transaction: not disclosed in the provided filing.
Codes explained: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax withholding.

Context

This was a routine RSU vesting with shares withheld for taxes (a common cashless settlement), not an open-market sale or buy. Such withholding transactions are administrative and do not necessarily indicate a change in insider sentiment.

Form 4

Period: 2026-03-19

DirectorExecutive Chairman

Transactions

Exercise/Conversion
Common Stock
2026-03-19+12,791→ 1,231,822 total
Tax Payment
Common Stock
[F1]
2026-03-19$32.89/sh−5,034$165,568→ 1,226,788 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-03-19−12,791→ 25,581 total
From: 2026-03-19Exp: 2028-03-19→ Common Stock (12,791 underlying)

Holdings

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) 12,791 shares vested on March 19, 2026; (b) 12,791 shares vest on March 19, 2027; and (c) 12,790 shares vest on March 19, 2028.

Signature

/s/ Sean P. Downes|2026-03-20

1 file