Universal Insurance Holdings independent board member Jon W. Springer has proposed the sale of common stock valued at approximately $2.07 million, according to a Form 144/A filing submitted to the Securities and Exchange Commission.
Board Member Jon W Springer Proposes Stock Sale
- Independent board member Jon W. Springer filed a Form 144/A indicating a proposed sale of 41,380 shares of common stock.
- The aggregate market value of the proposed transaction is listed at $2,069,000.00.
- Raymond James & Associates, Inc. is handling the transaction on the New York Stock Exchange.
Filing Details and Execution on the NYSE
Regulatory paperwork outlined the mechanics of the planned divestment. Springer, serving as an independent board member for the Fort Lauderdale-based insurer, listed the transaction through broker Raymond James & Associates, Inc.
The filing covers 41,380 shares of common stock. Based on the aggregate market value figures provided in the SEC documentation, the transaction targets a valuation of $2,069,000.00. The trade is slated to execute on the New York Stock Exchange under the ticker symbol UVE.
MarketBeat records show that the filing arrives amid a broader cadence of insider form submissions for the company. Other key figures, including Sean P. Downes, have frequently utilized Form 144 notices throughout the year to manage equity holdings.
Context Within Universal Insurance Holdings Disclosures
The Form 144/A amendment updates previous administrative notices filed with federal regulators. Under SEC Rule 144, corporate insiders and affiliates must file notice prior to selling restricted or control securities to the open market.
By signing the notice through an authorized representative, Springer represented that he possesses no material adverse information regarding the current and prospective operations of the issuer that remains undisclosed to the public.
The approximate date of sale is targeted for November 3, 2026, on the NYSE.
