McCahill Francis Xavier III 4
Research Summary
AI-generated summary
Universal Insurance (UVE) Director McCahill Receives Restricted Share Award
What Happened
McCahill Francis Xavier III, a director of Universal Insurance Holdings, Inc. (UVE), was granted 3,414 restricted shares on June 11, 2026. The shares were awarded (transaction code A) at a $0.00 purchase price (no cash exchanged). The filing shows the award value as $0 for acquisition purposes; these are restricted shares subject to vesting conditions.
Key Details
- Transaction date: 2026-06-11; Form 4 filed: 2026-06-12 (timely filing).
- Transaction type/code: Award/Grant (A). Price per share reported: $0.00; total acquisition value shown as $0.
- Shares granted: 3,414 restricted shares.
- Shares owned after transaction: not disclosed in the provided filing data.
- Footnote: The restricted shares vest on the earlier of (i) June 11, 2027 or (ii) the date of the next annual meeting that is at least 50 weeks after the immediately preceding year's annual meeting.
Context
Restricted share awards are a form of equity compensation and typically vest over time or upon specified corporate events; they are different from open-market purchases or sales and do not by themselves signal the insider's short-term trading intent. This filing was submitted promptly (next day), and no 10b5-1 plan, sales, or tax-withholding disposition was reported in the provided details.