Form 4: Richard C. Elias Reports Changes in Beneficial Ownership of Universal Display Corporation Stock
SEC Form 4
Director Richard C. Elias reports gifting of Universal Display Corporation (OLED) stock and updates to beneficial ownership.
Summary
- Richard C. Elias, a director of Universal Display Corporation (OLED), filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- On December 16, 2024, Elias gifted 942 shares of common stock.
- Following the transaction, Elias directly owns 0 shares and indirectly owns 8,735 shares through a family trust, 4,439 shares through a gift trust, and 755 shares through a grandchild trust.
Sentiment
Score: 5
Explanation: This is a routine filing related to a gift of shares, and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a change in Elias's holdings, but doesn't necessarily reflect a change in the company's overall prospects.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of stock gift transaction |
| 12/18/2024 | Date of signature on the Form 4 filing |
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