Form 4: Universal Display Corp Director Rosenblatt Donates 6,000 Shares to Charity
SEC Form 4 Filing
Sidney D. Rosenblatt, a director at Universal Display Corporation, donated 6,000 shares of common stock to a donor-advised fund on September 11, 2024.
Summary
- On September 11, 2024, Sidney D. Rosenblatt, a director of Universal Display Corporation, donated 6,000 shares of common stock to a donor-advised fund.
- The donor-advised fund will use the gifted shares for charitable purposes.
- Following the transaction, Rosenblatt directly owns 122,192 shares of Universal Display Corporation.
- Rosenblatt also indirectly owns 17,499 shares through his spouse and 19,342 shares through a Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a share donation. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Positives
- A director's charitable donation could be viewed positively by some investors.
Industry Context
This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The donation has a minor impact on the total number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of the transaction: Rosenblatt donated 6,000 shares of common stock. |
| 09/13/2024 | Date of signature on the Form 4 filing. |
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