Form 4: Universal Display Corp Executive Brian Millard Reports Tax Liability Share Withholding
SEC Form 4 Filing
Brian Millard, VP/CFO of Universal Display Corporation, reports the withholding of 1,760 common stock shares to cover tax liabilities related to vesting restricted stock.
Summary
- On September 6, 2024, Brian Millard, VP/CFO of Universal Display Corporation, had 1,760 shares of common stock withheld to cover tax liabilities.
- This withholding was related to the vesting of 4,150 shares of restricted stock previously granted to Millard.
- Following the transaction, Millard directly owns 12,144 shares of Universal Display Corporation common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect broader industry trends but provides transparency into executive equity holdings.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to an individual executive's tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of the transaction where 1,760 shares were withheld for tax liability and vesting of 4,150 shares of restricted stock. |
| 09/10/2024 | Date of signature for the Form 4 filing. |
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