Form 4: Universal Display Corp CEO Abramson Sells Shares to Cover Tax Obligations
SEC Form 4
CEO Steven V. Abramson sold shares of Universal Display Corporation stock to cover tax liabilities related to the vesting of restricted stock.
Summary
- On March 7, 2025, Steven V. Abramson, the President and CEO of Universal Display Corporation, had 2,039 shares of common stock withheld to satisfy a tax liability.
- This was in connection with the vesting of 4,808 shares of restricted stock previously granted to him.
- Following the transaction, Abramson directly owns 251,041 shares of common stock and indirectly owns 5,033 shares through a Grantor Retained Annuity Trust.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations. No indication of positive or negative outlook.
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 is unlikely to have a significant impact on shareholders, as it is a standard procedure for executives to manage their tax liabilities related to stock compensation.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: shares withheld to cover tax liability related to vesting of restricted stock. |
| 03/11/2025 | Date of signature on the SEC Form 4 filing. |
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