Form 4: Universal Display Corp Director Lawrence Lacerte Sells Shares
SEC Form 4 Filing
Director Lawrence Lacerte of Universal Display Corporation (OLED) sold a total of 7,000 shares of common stock on February 27, 2024.
Summary
- On February 27, 2024, Lawrence Lacerte, a director of Universal Display Corporation, sold shares of the company's common stock.
- The sales were executed in multiple transactions at varying prices.
- A total of 1,342 shares were sold at a weighted average price of $169.90.
- An additional 1,702 shares were sold at a weighted average price of $170.99.
- Finally, 3,956 shares were sold at a weighted average price of $171.95.
- Following these transactions, Lacerte directly owns 119,688 shares of Universal Display Corporation.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a director's sale of shares. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Sales of shares by company directors are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The sale of shares by a director could potentially create short-term uncertainty among shareholders, although such transactions are common.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of the stock sale transactions. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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