Donaghy Stephen 4

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.