DiFrancesco Paul F 4
4 · UNITED INSURANCE HOLDINGS CORP. · Filed May 7, 2020
Insider Transaction Report
Form 4
DiFrancesco Paul F
Chief Underwriting Officer
Transactions
- Award
Performance Stock Units
2020-05-05+12,600→ 19,253 total→ Common Stock (12,600 underlying) - Award
Restricted Stock Units
2020-05-05+6,300→ 10,686 total→ Common Stock (6,300 underlying) - Award
Nonqualified Stock Options
2020-05-05+20,592→ 20,592 totalExercise: $8.77Exp: 2030-05-05→ Common Stock (20,592 underlying)
Footnotes (5)
- [F1]Each stock unit represents a conditional right to receive one share of the company's common stock.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.