Gordon Marlene 4
Research Summary
AI-generated summary
Universal Insurance (UVE) Director Marlene Gordon Receives Award
What Happened
Marlene Gordon, a director of Universal Insurance Holdings, Inc. (ticker: UVE), received an award of 3,414 restricted shares on June 11, 2026. The Form 4 reports an acquisition price of $0.00 (common for restricted stock awards) and a reported total of $0. The grant is an award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-11; filing date: 2026-06-12 (timely filing).
- Shares granted: 3,414 restricted shares; reported acquisition price: $0.00; reported total value: $0.
- Shares owned after transaction: not provided in the supplied 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 prior year's annual meeting.
- Transaction code: A = Award/Grant.
Context
Restricted share grants are compensation awards that typically vest over time and do not represent an immediate purchase or sale. Because these shares are subject to vesting, they do not necessarily signal an immediate change in insider market sentiment; they reflect board/compensation actions. The $0.00 acquisition price in the filing is standard reporting for granted restricted shares (it does not mean the shares have no market value once vested).