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

Universal Display Corporation's CEO, Steven Abramson, reported the transfer of common stock and adjustments to his holdings through a Grantor Retained Annuity Trust.

Summary

• Steven Abramson, CEO of Universal Display Corporation, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• The transactions include the acquisition of 4,667 shares of common stock at $0 price, and the transfer of 4,667 shares to a Grantor Retained Annuity Trust.
• Additionally, 2,012 shares were transferred to a Grantor Retained Annuity Trust.
• Following these transactions, Mr. Abramson directly owns 227,947 shares and indirectly owns 12,078 shares through the Grantor Retained Annuity Trust.
• The report also includes the acquisition of 67, 59, and 11 shares through the Employee Stock Purchase Plan on March 28, 2024, June 28, 2024, and September 30, 2024, respectively.

Sentiment

Score: 7

Explanation: The document is a routine filing of stock transactions, which is neither positive nor negative. The use of a trust is a common practice for executives. The employee stock purchase plan is a positive sign of management participation in the company's growth.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates continued participation in company growth by the CEO.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the ownership changes of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The use of Grantor Retained Annuity Trusts is a common estate planning tool for executives, and the transfer of shares to such a trust is not unusual.
• Employee Stock Purchase Plans are a common benefit offered by many companies, and the acquisition of shares through such plans is a standard practice.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholders, as they reflect changes in insider ownership.
• The employee stock purchase plan participation indicates a positive alignment of management with company performance.

Key Dates

Keywords

Universal Display Corp, OLED, Steven Abramson, Form 4, Beneficial Ownership, Stock Transfer, Grantor Retained Annuity Trust, Employee Stock Purchase Plan