0000891166-21-000023.txt : 20210302
0000891166-21-000023.hdr.sgml : 20210302
20210302190648
ACCESSION NUMBER: 0000891166-21-000023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210302
DATE AS OF CHANGE: 20210302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DOWNES SEAN P
CENTRAL INDEX KEY: 0001287040
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33251
FILM NUMBER: 21706095
MAIL ADDRESS:
STREET 1: 2875 N.E. 191ST
STREET 2: SUITE 300
CITY: MIAMI
STATE: FL
ZIP: 33180
FORMER NAME:
FORMER CONFORMED NAME: DOWNES SEAN
DATE OF NAME CHANGE: 20040414
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNIVERSAL INSURANCE HOLDINGS, INC.
CENTRAL INDEX KEY: 0000891166
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 650231984
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1110 W. COMMERCIAL BLVD.
STREET 2: SUITE 100
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33309
BUSINESS PHONE: 954-958-1200
MAIL ADDRESS:
STREET 1: 1110 W. COMMERCIAL BLVD.
STREET 2: SUITE 100
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33309
FORMER COMPANY:
FORMER CONFORMED NAME: UNIVERSAL INSURANCE HOLDINGS INC
DATE OF NAME CHANGE: 20010330
FORMER COMPANY:
FORMER CONFORMED NAME: UNIVERSAL HEIGHTS INC
DATE OF NAME CHANGE: 19950817
4
1
wf-form4_161472999036043.xml
FORM 4
X0306
4
2021-03-01
0
0000891166
UNIVERSAL INSURANCE HOLDINGS, INC.
UVE
0001287040
DOWNES SEAN P
1110 WEST COMMERCIAL BOULEVARD
SUITE 100
FORT LAUDERDALE
FL
33309
1
0
0
0
Common Stock
2021-03-01
4
M
0
17000
A
1522770
D
Common Stock
2021-03-01
4
F
0
4139
14.75
D
1518631
D
Common Stock
2000
I
By Spouse
Common Stock
8000
I
By Children
Performance Share Units
2021-03-01
4
M
0
17000
D
Common Stock
17000.0
16000
D
These performance share units ("PSUs") were granted on March 8, 2019, but were conditional 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 vested on March 1, 2020, (b) 17,000 PSUs vested on March 1, 2021, and (c) 16,000 PSUs vest on March 1, 2022.
These shares of Common Stock were withheld to satisfy the tax withholding obligation in connection with the settlement of vested PSUs into shares of Common Stock.
/s/ Sean Downes
2021-03-02