other material
confidence high
sentiment neutral
materiality 0.50
UVE enters new employment agreements with CAO and CFO effective Jan 1, 2024
UNIVERSAL INSURANCE HOLDINGS, INC.
- Campos (CAO/CIO): base salary $375K, annual bonus target $125K, RSU target $150K.
- Wilcox (CFO): base salary $600K, annual bonus target $350K, RSU target $300K.
- Both agreements run from Jan 1, 2024 to Dec 31, 2025.
- Termination without Cause: 50% of base salary plus pro rata bonus and 6 months COBRA.
- Non-compete, non-solicitation, and confidentiality apply for 12 months post-termination.