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