Donaghy Stephen 4

What Happened
Stephen Donaghy, CEO and director of Universal Insurance Holdings, had 13,566 restricted stock units (RSUs) vest on March 19, 2026. The vesting converted RSUs into 13,566 shares of common stock; 5,339 of those shares were withheld to cover tax obligations at $32.89/share (tax withholding value ≈ $175,600), leaving a net delivery of 8,227 shares to Donaghy.

Key Details

• Transaction date: March 19, 2026. Filing date: March 20, 2026 (timely).
• Conversion/vesting reported as derivative exercise (code M) for 13,566 RSUs → 13,566 shares issued.
• Tax withholding reported (code F): 5,339 shares withheld at $32.89/share for a withholding amount of about $175,600.
• Net shares received by Donaghy from this vesting: 13,566 − 5,339 = 8,227 shares.
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding on the RSU vesting; F2 defines each RSU = 1 share; F3 shows the grant vests in three annual tranches of 13,566 shares (Mar 19, 2026; Mar 19, 2027; Mar 19, 2028).
• Shares owned after the transaction: not reported in the provided filing excerpt.

Context
This was a routine RSU vesting and tax-withholding event (not an open-market buy or discretionary sale). The filing shows conversion of RSUs into shares and withholding to cover taxes (a common cashless-like settlement for RSUs). Such vesting events are compensatory and do not, by themselves, indicate the insider’s view of the company’s stock.