Brad Martz - May 27, 2022 Form 4 Insider Report for UNITED INSURANCE HOLDINGS CORP. (UIHC)

Role
President & CFO
Signature
/s/ Jessica Barclay, Attorney-in-Fact for Brad Martz
Stock symbol
UIHC
Transactions as of
May 27, 2022
Transactions value $
$0
Form type
4
Date filed
6/1/2022, 04:11 PM
Previous filing
May 6, 2022
Next filing
Dec 15, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UIHC Restricted Stock Units Award $0 +88.2K +610.5% $0.00 103K May 27, 2022 Common Stock 88.2K Direct F1, F2
transaction UIHC Performance Stock Units Award $0 +118K +407% $0.00 147K May 27, 2022 Common Stock 118K Direct F1, F3, F4
transaction UIHC Nonqualified Stock Options Award $0 +175K $0.00 175K May 27, 2022 Common Stock 175K $1.70 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock unit represents a conditional right to receive one share of the company's common stock.
F2 The restricted stock units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
F3 The performance units are subject to vesting over three years with one third, rounded down to the nearest whole share of stock, vesting in each period.
F4 The number of shares of common stock that will be delivered for each performance stock unit depends on the achievement of certain performance factors. Depending on actual performance, the number of shares of common stock delivered upon the vesting date (based on the terms outlined in the respective award agreement) can range from 0% to 150% of the number presented above.
F5 Exercise of the nonqualified award is subject to vesting over three years with one third, rounded down to the nearest whole share of stock, becoming exercisable in each period.