X0306 4 2020-01-13 0000891166 UNIVERSAL INSURANCE HOLDINGS, INC. UVE 0001287040 DOWNES SEAN P 1110 WEST COMMERCIAL BOULEVARD SUITE 100 FORT LAUDERDALE FL 33309 true Performance Share Units 2020-01-13 4 A 0 50000 0 A Common Stock 50000 50000 D These performance share units ("PSUs") were granted on March 8, 2019 but were conditioned upon the Issuer meeting certain growth performance goals for the 2019 calendar year. On January 13, 2020, the Chief Financial Officer certified that the Issuer met the performance goals for the 2019 calendar year, which the Compensation Committee of the Issuer's Board of Directors had confirmed. Each PSU represents the right to receive one share of Common Stock upon vesting. The PSUs are scheduled to vest as follows, subject to continued employment by the reporting person through the applicable vesting date: (a) 17,000 PSUs vest on March 1, 2020, (b) 17,000 PSUs vest on March 1, 2021, and (c) 16,000 PSUs vest on March 1, 2022. /s/ Sean P. Downes 2020-01-15