Donaghy Stephen 4
4 · UNIVERSAL INSURANCE HOLDINGS, INC. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Universal Insurance (UVE) CEO Stephen Donaghy Exercises RSUs; Shares Withheld
What Happened
Stephen Donaghy, CEO and director of Universal Insurance Holdings, had 14,598 restricted stock units (RSUs) convert to common shares on March 27, 2026. Of those vested shares, 5,745 were withheld on March 27 (priced at $33.67, value $193,434) and 6,286 were withheld on March 30 (priced at $34.16, value $214,730) to satisfy tax withholding obligations. Net shares delivered to Donaghy after withholding were 2,567.
Key Details
- Transaction dates and prices:
- 2026-03-27: 14,598 RSUs converted to 14,598 common shares (code M, $0 exercise price for RSUs).
- 2026-03-27: 5,745 shares withheld for taxes at $33.67 each (code F) — $193,434.
- 2026-03-30: 6,286 shares withheld for taxes at $34.16 each (code F) — $214,730.
- Total tax-withheld value: $408,164; net shares received: 2,567 (14,598 vested − 12,031 withheld).
- Shares owned after transaction: Not disclosed in this Form 4 filing.
- Footnotes:
- F1/F2: Withholdings satisfied tax obligations for RSU vesting on March 27 and March 30, 2026.
- F3: Each RSU equals one share of common stock upon vesting.
- F4: These RSUs are on a multi-year vesting schedule (14,598 vested 3/27/2025; 14,598 vested 3/27/2026; 14,598 scheduled 3/27/2027).
- Filing timeliness: Reported on 2026-03-31 for transactions on/around 2026-03-27 — not flagged as late.
Context
This was an RSU vesting event (coded M for conversion and F for tax withholding), not an open-market sale or discretionary purchase. The withheld shares represent a routine, common practice of using shares to cover required tax withholding upon vesting; they don’t necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-27+14,598→ 711,492 total - Tax Payment
Common Stock
[F1]2026-03-27$33.67/sh−5,745$193,434→ 705,747 total - Tax Payment
Common Stock
[F2]2026-03-30$34.16/sh−6,286$214,730→ 699,461 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-27−14,598→ 14,598 totalFrom: 2025-03-27Exp: 2027-03-27→ Common Stock (14,598 underlying)
Footnotes (4)
- [F1]These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs on March 27, 2026.
- [F2]These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs on March 30, 2026.
- [F3]Each RSU represents the right to receive one share of the Issuer's Common Stock, subject to vesting.
- [F4]These RSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 14,598 shares vested on March 27, 2025; (b) 14,598 shares vested on March 27, 2026; and (c) 14,598 shares vest on March 27, 2027.