4//SEC Filing
Springer Jon 4
Accession 0000891166-21-000006
CIK 0000891166other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:23 PM ET
Size
17.3 KB
Accession
0000891166-21-000006
Insider Transaction Report
Form 4
Springer Jon
Exec. V.P., Blue Atlantic
Transactions
- Tax Payment
Common Stock
2021-01-04$15.10/sh−6,587$99,464→ 543,437 total - Exercise/Conversion
Common Stock
2021-01-04+5,291→ 548,728 total - Tax Payment
Common Stock
2021-01-04$15.10/sh−1,620$24,462→ 547,108 total - Exercise/Conversion
Common Stock
2021-01-04+4,450→ 551,558 total - Tax Payment
Common Stock
2021-01-04$15.10/sh−1,362$20,566→ 550,196 total - Exercise/Conversion
Performance Share Units
2021-01-04−5,291→ 0 total→ Common Stock (5,291 underlying) - Exercise/Conversion
Performance Share Units
2021-01-04−4,450→ 4,450 total→ Common Stock (4,450 underlying)
Footnotes (6)
- [F1]These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of 20,000 restricted share units.
- [F2]These performance share units ("PSUs") were granted on April 11, 2018 but were conditional upon the Issuer meeting certain growth performance goals for the 2018 calendar year. On January 14, 2019, the Compensation Committee of the Issuer's Board of Directors confirmed that the Issuer met the performance goals for the 2018 calendar year. Each PSU represents the right to receive one share of Common Stock upon vesting. The PSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) two-thirds vested on January 1, 2019, (b) one-sixth vested on January 1, 2020, and (c) one-sixth vested on January 1, 2021
- [F3]These PSUs were scheduled to vest on January 1, 2021, but since that date fell on a holiday, they vested the next business day, or January 4, 2021. These PSUs were settled in shares of Common Stock using the January 4, 2021 closing price of the Common Stock.
- [F4]These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the settlement of vested PSUs into shares of Common Stock.
- [F5]These PSUs were granted on January 2, 2019 but were conditional upon the Issuer meeting certain growth performance goals for the 2019 calendar year. On January 13, 2020, the Chief Financial Officer certified that the Issuer met the performance goals for the 2019 calendar year, which the Compensation Committee of the Issuer's Board of Directors had confirmed. Each PSU represents the right to receive one share of Common Stock upon vesting. The PSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) two-thirds vested January 2, 2020, (b) one-sixth vested January 2, 2021, and (c) one-sixth vests January 2, 2022.
- [F6]These PSUs were scheduled to vest on January 2, 2021, but since that date fell on a holiday, they vested the next business day, or January 4, 2021. These PSUs were settled in shares of Common Stock using the January 4, 2021 closing price of the Common Stock.
Documents
Issuer
UNIVERSAL INSURANCE HOLDINGS, INC.
CIK 0000891166
Entity typeother
Related Parties
1- filerCIK 0001492994
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:23 PM ET
- Size
- 17.3 KB