Form 4: Universal Display Corp CEO Steven Abramson Reports Stock Transactions

Steven Abramson, CEO of Universal Display Corporation, reports acquisition and disposal of common stock related to vesting of performance units and tax liabilities.

Summary

• On March 7, 2024, Steven Abramson, the President and CEO of Universal Display Corporation, acquired 2,331 shares of common stock as performance units under the company's Long Term Incentive Plan.
• These shares vested following the certification by the Company's Human Capital Committee that certain performance conditions were met.
• Also on March 7, 2024, Abramson disposed of 988 shares and 2,039 shares of common stock to satisfy tax liabilities related to the vesting of restricted stock.
• Following these transactions, Abramson directly owns 223,143 shares of common stock and indirectly owns 11,712 shares through a Grantor Retained Annuity Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to executive compensation. The vesting of performance units suggests the company met certain goals, which is mildly positive.

Positives

• The vesting of performance units indicates that performance conditions set by the company were met, which could be viewed positively.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's confidence in the company's future prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates