PETERSON RICHARD D 4
Research Summary
AI-generated summary
Universal Insurance (UVE) Director Richard D. Peterson Sells 2,000 Shares
What Happened
Richard D. Peterson, a director of Universal Insurance Holdings, Inc. (UVE), reported an open-market sale of 2,000 shares on March 30, 2026. The reported weighted-average price was $34.10 per share, for total proceeds of approximately $68,207. The filing lists the transaction code "S" (sale).
Key Details
- Transaction date: 2026-03-30; Form 4 filed: 2026-03-31 (timely filing, one day after the trade).
- Price: weighted average $34.10; shares sold in multiple transactions at prices ranging $34.06–$34.14 (see footnote).
- Shares sold: 2,000; total proceeds ≈ $68,207.
- Shares owned after the transaction: not specified in this Form 4.
- Footnotes of note:
- F1: Price is a weighted average; seller will provide a breakdown of quantities at each price on request.
- F2: Peterson is grantor and sole trustee of The RDP Revocable Trust (dated Aug 11, 2011); his children are beneficiaries.
- Transaction type: open-market sale (routine insider sale — no indication of a 10b5-1 plan or other program is stated).
Context
Sales by directors can be routine (diversification, estate planning, trust management) and do not by themselves indicate company outlook. Purchases generally carry more weight as bullish signals. This filing is informational and factual — it reports the sale and the indicated pricing details without providing the seller’s motivation.