FORNEY JOHN 4
4 · UNITED INSURANCE HOLDINGS CORP. · Filed May 23, 2019
Insider Transaction Report
Form 4
FORNEY JOHN
DirectorChief Executive Officer
Transactions
- Award
Dividend Equivalent Units
2019-05-21$13.60/sh+207$2,815→ 342 total→ Common Stock (207 underlying)
Holdings
- 116,067
Common Stock
- 30,369
Restricted Stock Units
→ Common Stock (30,369 underlying) - 50,955
Performance Stock Units
→ Common Stock (50,887 underlying) - 39,066
Nonqualified Stock Options
Exercise: $21.13Exp: 2028-10-05→ Common Stock (39,066 underlying) - 14,677
Nonqualified Stock Options
Exercise: $20.44Exp: 2028-09-18→ Common Stock (14,677 underlying) - 42,548
Nonqualified Stock Options
Exercise: $16.25Exp: 2029-04-01→ Common Stock (42,548 underlying)
Footnotes (6)
- [F1]Each stock unit represents a conditional right to receive one share of the company's common stock.
- [F2]The dividend equivalent units will vest proportionately with the underlying restricted stock units or performance-based restricted stock units to which they relate. Dividend equivalent units credited in respect of performance-based restricted stock units that are not eligible for conversion at the end of the performance period will be cancelled.
- [F3]The restricted stock units are subject to vesting over three years with on third, rounded down to the nearest whole share of stock, vesting in each period.
- [F4]The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
- [F5]The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above.
- [F6]Exercise of the nonqualified award is subject to vesting over three years with one third, rounded down to the nearest whole share of stock, becoming exercisable in each period.