Menon Deepak 4
4 · UNITED INSURANCE HOLDINGS CORP. · Filed May 7, 2020
Insider Transaction Report
Form 4
Menon Deepak
VP Operations and Business Dev
Transactions
- Award
Performance Stock Units
2020-05-05+15,750→ 24,066 total→ Common Stock (15,750 underlying) - Award
Restricted Stock Units
2020-05-05+7,875→ 13,358 total→ Common Stock (7,875 underlying) - Award
Nonqualified Stock Options
2020-05-05+25,740→ 25,740 totalExercise: $8.77Exp: 2030-05-05→ Common Stock (25,740 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.