Form 4: Universal Display Corp Director Rosenblatt Reports Gift of Shares

Director Sidney D. Rosenblatt reports gifting shares of Universal Display Corporation stock, both directly and indirectly through a grantor retained annuity trust.

Summary

• On October 10, 2024, Sidney D. Rosenblatt, a director of Universal Display Corporation, reported a transaction involving the gifting of common stock.
• Mr. Rosenblatt gifted 15,822 shares of common stock directly.
• He also gifted 15,822 shares held by a Grantor Retained Annuity Trust.
• Following these transactions, Mr. Rosenblatt directly owns 138,328 shares and indirectly owns 3,520 shares through the Grantor Retained Annuity Trust and 17,499 shares by spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting a gift of shares. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing reflects insider transactions, which are common and closely monitored in the financial industry for insights into management's perspective on the company's value and prospects. However, in this case, the transaction was a gift, so it is unlikely to be related to management's perspective on the company's value and prospects.

Stakeholder Impact

• The gifting of shares by a director could be perceived neutrally by shareholders, as it doesn't necessarily indicate a change in the company's fundamentals.

Key Dates