In 2021, Sean P. Downes earned $1.60M in total compensation at Universal Insurance Holdings, including $1.00M salary and $527.31K in stock. Most recently sold 20,000 shares in Sep 2024. Currently holds stock worth $105.53M. Has donated $21.84M in stock to charitable causes. 9+ years at the helm of Universal Insurance Holdings.
Compensation History
Annual executive compensation data for Sean P. Downes, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$1.60M
Salary
$1.00M
Bonus
$0.00
Other
$72.14K
Salary
$1.00MBoard Justification
The compensation program is designed to attract, retain and reward high-performing executives while aligning their interests with those of shareholders through performance-based incentives.
Bonus
$0.00Board Justification
Due to the need to continue strengthening reserves, the Compensation Committee did not award any 2021 cash bonuses to Messrs. Donaghy and Downes.
Other Compensation
$72.14KBoard Justification
Other compensation includes company-paid medical, dental, disability and other insurance premiums, an annual automobile allowance, and life insurance premiums.
Restricted Stock
Board Justification
35,315 shares of stock vested in 2021, reflecting the performance and time-based vesting conditions as per the equity compensation plan.
Performance Metrics
The performance metrics determining the compensation include the Company's financial and operational performance objectives.
Sean P. Downes
CEO of Universal Insurance Holdings
Field of Expertise
Finance & Banking - Insurance
Sector of Economy
Financial Services
CEO of Universal Insurance Holdings for
9 years 8 months (Mar 2016 - Present)
Previous Experience
Senior Vice President, Chief Operating Officer and Director at Universal Insurance Holdings, Inc.
Other Universal Insurance Holdings CEOs
Holdings
Track Sean P. Downes's stock holdings and portfolio value over time.
Total Stock Sold
$30.15M
$30.15M
1,501,236 UVE shares
What if they kept their stock?
If Sean P. Downes didn't sell their stock, today they would have:
Extra UVE1,501,236 shares worth $46.73M.
This is 55.01% and $16.59M more than what they got when they sold the stock.
Charitable Transactions
701,444 shares
UVE
Recent Charitable Transactions
40,529 shares
UVE
Dec 29, 2023
Charity
50,000 shares
UVE
Dec 31, 2021
Charity
10,000 shares
UVE
Dec 31, 2020
Charity
27,530 shares
UVE
Dec 31, 2019
Charity
98,073 shares
UVE
Dec 31, 2018
Charity
50,000 shares
UVE
Dec 31, 2017
Charity
Insider Trading
Sean P. Downes's recent stock transactions, purchases, and sales filed with the SEC.
$449.43K
UVE at $22.47/share
Sep 19, 2024
Sale
$425.10K
UVE at $21.26/share
Aug 29, 2024
Sale
$400.09K
UVE at $20.00/share
Jul 31, 2024
Sale
$366.28K
UVE at $18.31/share
Jun 14, 2024
Sale
$394.43K
UVE at $19.72/share
May 2, 2024
Sale
$390.62K
UVE at $19.53/share
Mar 7, 2024
Sale
40,529 shares
UVE
Dec 29, 2023
Charity
$332.04K
UVE at $16.60/share
Dec 22, 2023
Sale
$322.59K
UVE at $16.13/share
Nov 3, 2023
Sale
$292.00K
UVE at $14.60/share
Aug 4, 2023
Sale
Rivals
Compare Sean P. Downes with competitor CEOs and industry peers.