DOWNES SEAN P 4
4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Universal Insurance (UVE) Exec Chairman Sean P. Downes Sells 20,000 Shares
What Happened
Sean P. Downes, Executive Chairman and Director of Universal Insurance Holdings, Inc. (UVE), sold 20,000 shares in an open-market transaction on March 25, 2026. The filing reports a weighted average sale price of $34.60, for total proceeds of approximately $692,072. The sale was reported on Form 4 filed March 27, 2026.
Key Details
- Transaction type: Open-market sale (Code S) of 20,000 shares on 2026-03-25.
- Price: Weighted average $34.60; reported price range $34.19–$35.07 (shares sold in multiple trades).
- Proceeds: Approx. $692,072.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Form 4 filed 2026-03-27 — within the normal SEC two-business-day reporting window.
- Footnote: Reporting person offers to provide, upon request, the breakdown of the number of shares sold at each separate price within the $34.19–$35.07 range. No 10b5‑1 plan, option exercise, or tax-withholding notation indicated in the provided excerpt.
Context
This was a straight open-market sale of existing shares (not an option exercise or award). Sales by executives can be routine (diversification, personal liquidity, pre-set plans) and do not by themselves indicate a change in company fundamentals. Retail investors should consider insider transactions alongside other company news, filings, and financials.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-25$34.60/sh−20,000$692,072→ 1,206,788 total
- 48,000(indirect: By Children)
Common Stock
- 2,000(indirect: By Spouse)
Common Stock
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $34.19 to $35.07, inclusive. The reporting person undertakes to provide to Universal Insurance Holdings, Inc., any security holder of Universal Insurance Holdings Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1).