Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-30

Universal Insurance Holdings, Inc. (UVE)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$12,265,510
Sean Downes total, FY2025
Executive Chairmanhighest-paid officer; CEO Stephen Donaghy: $5,240,829
CEO (Stephen Donaghy) pay percentile vs peers
48:1
CEO-to-median pay ratio
98.05%
Say-on-pay support, latest vote
Companies that benchmark against UVE
13 companies name UVE as a compensation peer

Each company listed discloses UVE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named UVE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Sean Downes$1,000,000$0$8,555,996$0$2,406,844$0$302,670$12,265,510
Executive Chairman
Stephen Donaghy1,000,00001,750,01402,406,844083,9715,240,829
Chief Executive Officer and Director
Frank Wilcox600,0000300,0120394,548064,2631,358,823
Chief Financial Officer
Kimberly Campos375,0000149,9840140,910046,522712,416
Chief Administrative Officer, Chief Information Officer and Director

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Sean Downes$12,265,510$3,421,773$3,443,099+8,843,737
Stephen Donaghy5,240,8294,509,4444,287,954+731,385
Frank Wilcox1,358,8231,314,148860,035+44,675
Kimberly Campos712,416678,694514,611+33,722

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Sean P. DownesDirector2026-04-29D11,919$39$467,780CommonForm 4 ↗
Sean P. DownesDirector2026-04-29D2,2444192,028CommonForm 4 ↗
Sean P. DownesDirector2026-04-29D5,83740233,957CommonForm 4 ↗
Michael A. PietrangeloDirector2026-05-12D4,50039176,794CommonForm 4 ↗
Michael A. PietrangeloDirector2026-05-12D3,00040118,639CommonForm 4 ↗
Sean P. DownesDirector2026-05-15D4823918,992CommonForm 4 ↗
Sean P. DownesDirector2026-05-15D19,51839755,612CommonForm 4 ↗
Carol G. BartonDirector2026-06-11A3,41400CommonForm 4 ↗
Scott P. CallahanDirector2026-06-11A3,41400CommonForm 4 ↗
Richard D. PetersonDirector2026-06-11A3,41400CommonForm 4 ↗
Michael A. PietrangeloDirector2026-06-11A3,41400CommonForm 4 ↗
Marlene M. GordonDirector2026-06-11A3,41400CommonForm 4 ↗
Francis X. McCahill, IIIDirector2026-06-11A3,41400CommonForm 4 ↗
Shannon A. BrownDirector2026-06-11A3,41400CommonForm 4 ↗
Jon W. SpringerDirector2026-06-11A3,41400CommonForm 4 ↗
Sean P. DownesDirector2026-06-11D20,00038764,336CommonForm 4 ↗
Ozzie A. SchindlerDirector2026-06-11A3,41400CommonForm 4 ↗
Sean P. DownesDirector2026-07-28D23,610441,044,034CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Frank WilcoxRSU2025-03-196,977$150,006
Stephen DonaghyPSU2025-03-1920,34940,69881,396875,007
Sean DownesRSU2025-03-1938,372824,998
Sean DownesRSU2025-07-28300,0006,906,000
Kimberly CamposRSU2025-03-193,48874,992
Stephen DonaghyRSU2025-03-1940,698875,007
Sean DownesPSU2025-03-1919,18638,37276,744824,998
Kimberly CamposPSU2025-03-192,6163,4884,36074,992
Frank WilcoxPSU2025-03-195,2336,9778,721150,006
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Frank Wilcox$150,006$150,006$050.0%
Stephen Donaghy875,007875,007050.0%
Sean Downes7,730,998824,99809.6%
Kimberly Campos74,99274,992050.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Sean DownesRSU9,127$308,493
Stephen DonaghyRSU40,6981,375,592
Sean DownesRSU38,3721,296,974
Frank WilcoxRSU6,977235,823
Kimberly CamposRSU3,488117,894
Frank WilcoxRSU8,721294,770
Sean DownesRSU50,0501,691,690
Stephen DonaghyRSU29,196986,825
Stephen DonaghyOption286,04616.92
Frank WilcoxOption104,13818.23
Stephen DonaghyOption375,29414.75
Stephen DonaghyOption250,00011.8
Sean DownesOption433,33427.2
Kimberly CamposRSU4,693158,623
Kimberly CamposRSU4,360147,368
Frank WilcoxOption25,00031.64
Kimberly CamposRSU2,50284,568
Stephen DonaghyRSU95,8383,239,324
Sean DownesRSU300,00010,140,000
Stephen DonaghyRSU87,5882,960,474
Sean DownesRSU76,7442,593,947
Stephen DonaghyRSU81,3962,751,185
Sean DownesRSU54,7641,851,023
Sean DownesOption100,99131.64
Stephen DonaghyRSU15,973539,887
Sean DownesRSU16,683563,885
Frank WilcoxRSU9,385317,213
Frank WilcoxRSU5,005169,169
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee designs our executive compensation program to: attract, retain and reward high-performing executives who will work well as a team to drive Company growth and profitability; align with our pay-for-performance philosophy; drive long-term, sustainable value creation for shareholders; balance both short- and long-term focus; manage the Company in a prudent and responsible manner; and maintain and enhance the Company's reputation for operational excellence.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1119,555,685389,59870,39898.05%Passed
20252025-06-1217,892,4781,197,834187,26093.73%Passed
20242024-06-1318,084,178934,423100,64895.09%Passed
20232023-06-0812,409,23110,305,935107,83054.63%Passed
20222022-06-1021,209,8411,671,106100,43692.7%Passed
20212021-06-119,252,56812,618,267971,83742.31%Failed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1198.05%a
20252025-06-1293.73%b
20242024-06-1395.09%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)48 : 1
CEO total compensation$5,240,829
Median employee compensation$108,595
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jon W. SpringerIndependent · Investment · Risk$100,000$130,013$0$0$46,411$276,424
Michael A. PietrangeloIndependent · Lead Independent Director · Compensation (Chair) · Investment120,000130,01300250,013
Richard D. PetersonIndependent · Audit (Chair) · Compensation105,000130,01300235,013
Scott P. CallahanIndependent · Investment (Chair) · Compensation100,000130,01300230,013
Ozzie A. SchindlerIndependent · Audit · Risk (Chair)100,000130,01300230,013
Marlene M. GordonIndependent · Investment85,000130,01300215,013
Francis X. McCahill, IIIIndependent · Investment85,000130,01300215,013
Carol G. BartonIndependent · Investment85,000130,01300215,013
Shannon A. BrownIndependent · Compensation · Audit85,000130,01300215,013
Stephen J. DonaghyEmployee director00000
Sean P. DownesEmployee director · Board Chair · Investment00000
Kimberly D. CamposEmployee director · Risk00000
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$130,013
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$865,000
Equity awards (grant-date value)$1,170,117
All other compensation$46,411
Total cost of the board$2,081,528

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Universal Insurance Holdings, Inc.2025Stephen Donaghy$1,000,000$1,750,014$0$2,406,844$5,240,829

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

FAQ

Frequently asked questions

Who was the highest-paid executive at Universal Insurance Holdings, Inc. in fiscal 2025?
The highest-paid executive at Universal Insurance Holdings, Inc. in fiscal 2025 was Sean Downes, Executive Chairman, with total compensation of $12,265,510.
How does Universal Insurance Holdings, Inc.'s chief executive pay compare to its disclosed peer group?
The CEO pay percentile of disclosed peers is not disclosed in this extract.
What is Universal Insurance Holdings, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 48:1.
How did shareholders vote on Universal Insurance Holdings, Inc.'s executive compensation?
Shareholders voted 98.05% in support of the executive compensation plan.
How much does Universal Insurance Holdings, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $2,081,528.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Sean DownesDEF 14A2026-04-240001193125-26-177529Section “2025 Summary Compensation Table” · page 33. As printed: 12,265,510. Filing ↗machine: span 541157–541167
2Section 01, Stephen DonaghyDEF 14A2026-04-240001193125-26-177529Section “2025 Summary Compensation Table” · page 33. As printed: 5,240,829. Filing ↗machine: span 525027–525036
3Section 01, Frank WilcoxDEF 14A2026-04-240001193125-26-177529Section “2025 Summary Compensation Table” · page 33. As printed: 1,358,823. Filing ↗machine: span 556829–556838
4Section 01, Kimberly CamposDEF 14A2026-04-240001193125-26-177529Section “2025 Summary Compensation Table” · page 33. As printed: 712,416. Filing ↗machine: span 572645–572652
5Section 03, Frank Wilcox RSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r11 · c47 · span 685128–685133
6Section 03, Stephen Donaghy PSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r4 · c47 · span 639795–639801
7Section 03, Sean Downes RSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r7 · c47 · span 658724–658730
8Section 03, Sean Downes RSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r9 · c63 · span 673179–673186
9Section 03, Kimberly Campos RSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r14 · c47 · span 704881–704886
10Section 03, Stephen Donaghy RSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r4 · c47 · span 639795–639801
11Section 03, Sean Downes PSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r7 · c47 · span 658724–658730
12Section 03, Kimberly Campos PSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r14 · c47 · span 704881–704886
13Section 03, Frank Wilcox PSUDEF 14A2026-04-240001193125-26-177529Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t134 · r11 · c47 · span 685128–685133
14Section 07, pay ratioDEF 14A2026-04-240001193125-26-177529Section “CEO Pay Ratio”. As printed: 48 : 1. Filing ↗machine: t162 · span 966512–966638
15Section 08, Jon W. SpringerDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 276,424. Filing ↗machine: t89 · r19 · c31 · span 341515–341522
16Section 08, Michael A. PietrangeloDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 250,013. Filing ↗machine: t89 · r15 · c31 · span 331402–331409
17Section 08, Richard D. PetersonDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 235,013. Filing ↗machine: t89 · r13 · c31 · span 326657–326664
18Section 08, Scott P. CallahanDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 230,013. Filing ↗machine: t89 · r7 · c31 · span 312530–312537
19Section 08, Ozzie A. SchindlerDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 230,013. Filing ↗machine: t89 · r17 · c31 · span 336093–336100
20Section 08, Marlene M. GordonDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 215,013. Filing ↗machine: t89 · r9 · c31 · span 317219–317226
21Section 08, Francis X. McCahill, IIIDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 215,013. Filing ↗machine: t89 · r11 · c31 · span 321965–321972
22Section 08, Carol G. BartonDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 215,013. Filing ↗machine: t89 · r3 · c31 · span 303102–303109
23Section 08, Shannon A. BrownDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 215,013. Filing ↗machine: t89 · r5 · c31 · span 307790–307797
24Section 08, Stephen J. DonaghyDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Sean P. DownesDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 0. Filing ↗
26Section 08, Kimberly D. CamposDEF 14A2026-04-240001193125-26-177529Section “Director Compensation”. As printed: 0. Filing ↗
27Section 02, Sean P. Downes 2026-04-29Form 42026-04-300001287040-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Sean P. Downes 2026-04-29Form 42026-04-300001287040-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Sean P. Downes 2026-04-29Form 42026-04-300001287040-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Michael A. Pietrangelo 2026-05-12Form 42026-05-140001258089-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Michael A. Pietrangelo 2026-05-12Form 42026-05-140001258089-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Sean P. Downes 2026-05-15Form 42026-05-150001287040-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Sean P. Downes 2026-05-15Form 42026-05-150001287040-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Carol G. Barton 2026-06-11Form 42026-06-120000891166-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Scott P. Callahan 2026-06-11Form 42026-06-120000891166-26-000067Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Richard D. Peterson 2026-06-11Form 42026-06-120000891166-26-000072Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Michael A. Pietrangelo 2026-06-11Form 42026-06-120000891166-26-000070Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Marlene M. Gordon 2026-06-11Form 42026-06-120000891166-26-000071Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Francis X. McCahill, III 2026-06-11Form 42026-06-120000891166-26-000069Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Shannon A. Brown 2026-06-11Form 42026-06-120000891166-26-000066Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Jon W. Springer 2026-06-11Form 42026-06-120000891166-26-000064Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Sean P. Downes 2026-06-11Form 42026-06-120000891166-26-000063Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Ozzie A. Schindler 2026-06-11Form 42026-06-120000891166-26-000073Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Sean P. Downes 2026-07-28Form 42026-07-300001287040-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
45Section 06, 2026 voteForm 8-K2026-06-150000891166-26-000077Item 5.07 · say-on-pay result. As reported: 98.05% (votes for as printed: 19,555,685). Filing ↗
46Section 06, 2025 voteForm 8-K2025-06-130000891166-25-000085Item 5.07 · say-on-pay result. As reported: 93.73% (votes for as printed: 17,892,478). Filing ↗
47Section 06, 2024 voteForm 8-K2024-06-170000891166-24-000043Item 5.07 · say-on-pay result. As reported: 95.09% (votes for as printed: 18,084,178). Filing ↗
48Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
49Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
50Section 09b board cost (computed)ComputedcomputedCash 865,000 + equity 1,170,117 + all other 46,411 = 2,081,528, summed across the director compensation table rows.machine: formula: Σ = 2,081,528
51Universal Insurance Holdings, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-240001193125-26-177529CEO total compensation as printed in Universal Insurance Holdings, Inc.'s own proxy. As printed: 5,240,829. Filing ↗machine: span 525027–525036