Form 4: Richard C. Elias Reports Changes in Beneficial Ownership of Universal Display Corporation Stock
SEC Form 4 Filing
Director Richard C. Elias reports gifting of Universal Display Corporation (OLED) stock, resulting in changes to his directly and indirectly held shares.
Summary
- On July 17, 2024, Richard C. Elias, a director of Universal Display Corporation, reported changes in his beneficial ownership of the company's common stock.
- Elias gifted 3,280 shares of common stock directly and 3,823 shares held by a family trust.
- He also gifted 3,823 shares to a gift trust.
- Following these transactions, Elias directly owns 628 shares, the family trust owns 11,616 shares, the gift trust owns 9,503 shares, and a grandchild trust owns 755 shares.
- The transactions were reported on Form 4, filed with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in stock ownership. It doesn't convey any particular sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, as required by the SEC. It doesn't necessarily reflect a change in the company's prospects or strategy.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders, but is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | Date of the reported transactions (stock gifting). |
| 07/19/2024 | Date of signature on the Form 4 filing. |
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