Form 4: Universal Display Corp CEO Abramson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Steven V. Abramson, CEO of Universal Display Corporation, sold shares to cover tax liabilities arising from the vesting of restricted stock.
Summary
- On March 4, 2025, Steven V. Abramson, the President and CEO of Universal Display Corporation, disposed of 1,634 shares of common stock to satisfy a tax liability.
- The shares were sold at a price of $148.85 per share.
- Following the transaction, Abramson directly owns 253,080 shares of common stock and indirectly owns 5,033 shares through a Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction to cover tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: Steven V. Abramson disposed of shares to cover tax liability. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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