UVE Exec Chairman Sean Downes Withholds 23,610 Shares for Taxes

What Happened

• Sean P. Downes, Executive Chairman and Director of Universal Insurance Holdings, had 23,610 shares of common stock withheld on July 28, 2026 to satisfy tax withholding related to the vesting of restricted shares. The withholding was calculated at $44.22 per share, totaling $1,044,034. This was a tax-withholding event tied to an award vesting, not an open-market sale or purchase.

Key Details

• Transaction date and price: July 28, 2026; $44.22 per share.
• Shares withheld/disposed: 23,610 shares; aggregate value ≈ $1,044,034.
• Reason/footnote: F1 — shares were withheld to satisfy tax withholding obligation on restricted shares that vested July 28, 2026.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on July 30, 2026 (appears timely; Form 4 generally must be filed within two business days).

Context

• This was a routine tax-withholding transaction associated with vested restricted stock (a common non-market event). It does not indicate an open-market sale or a purchase decision by the insider and is generally considered administrative rather than a direct signal of insider sentiment.