Form 4: Universal Display Corp Director Richard C. Elias Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Richard C. Elias reports changes in beneficial ownership of Universal Display Corporation stock due to gift and trust transactions.
Summary
- On May 13, 2024, Richard C. Elias, a director of Universal Display Corporation, reported changes in his beneficial ownership of the company's common stock.
- These changes involve the acquisition and disposal of shares through gift and trust transactions.
- Specifically, 516 shares were acquired via a Family Trust and 516 shares were disposed of via a Grantor Retained Annuity Trust.
- The report also indicates beneficial ownership through a Grandchild Trust (755 shares) and a Gift Trust (5,680 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of the transactions involving common stock. |
| 05/15/2024 | Date of the Form 4 filing. |
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