Form 4: Universal Display Corp Executive Janice K. Mahon Reports Stock Transactions
SEC Form 4
Janice K. Mahon, SVP of Tech Commercialization at Universal Display Corporation, reports acquisition and disposal of company stock related to vesting of restricted stock and performance units.
Summary
- Janice K. Mahon, SVP of Tech Commercialization at Universal Display Corporation, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On February 16, 2025, 744 shares were withheld to cover tax liabilities related to the vesting of 1,955 restricted stock shares at a price of $142.5.
- On February 18, 2025, Ms. Mahon acquired 3,197 shares as performance units under the Company's Long Term Incentive Plan as part of 2022 compensation.
- Also on February 18, 2025, 1,635 shares were withheld to cover tax liabilities related to the vesting of 3,197 restricted stock shares at a price of $145.02.
- An additional 8,066 shares were acquired on February 18, 2025, as performance units under the Company's Long Term Incentive Plan.
- Another 3,379 shares were withheld on February 18, 2025, to cover tax liabilities related to the vesting of 8,066 restricted stock shares at a price of $145.02.
- Finally, 5,994 units were granted on February 18, 2025, under the Company's Long Term Incentive Plan as part of the Reporting Person's 2025 compensation.
- These units are subject to a time-based restriction, with one-third of the total unit amount vesting on each of February 18, 2026, 2027 and 2028.
- Following these transactions, Ms. Mahon beneficially owns 54,377 shares of Universal Display Corp stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard executive compensation practices. The vesting of performance units suggests the company is meeting its goals.
Positives
- The vesting of performance units indicates that the company met certain performance conditions set by the Human Capital Committee.
- The grant of additional units under the Long Term Incentive Plan suggests continued confidence in Ms. Mahon's contributions to the company.
Future Outlook
The document outlines future vesting dates for the granted units, indicating a continued long-term incentive plan for the reporting person.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Universal Display Corp in the technology sector.
Comparison to Industry Standards
- Executive compensation packages including stock options, restricted stock units (RSUs), and performance-based awards are standard practice among publicly traded companies, particularly in the technology sector.
- Companies like Samsung Display, LG Display, and BOE Technology also utilize similar compensation strategies to attract and retain key personnel.
- The vesting schedules and performance metrics associated with these awards are typically aligned with the company's long-term strategic goals and shareholder value creation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the company's financial position.
- Employees may be indirectly impacted through the company's overall performance and the effectiveness of its incentive plans.
Key Dates
| Date | Description |
|---|---|
| March 28, 2024 | Acquisition of 28 shares under the Universal Display Corporation Employee Stock Purchase Plan |
| June 28, 2024 | Acquisition of 24 shares under the Universal Display Corporation Employee Stock Purchase Plan |
| September 30, 2024 | Acquisition of 23 shares under the Universal Display Corporation Employee Stock Purchase Plan |
| December 31, 2024 | Acquisition of 28 shares under the Universal Display Corporation Employee Stock Purchase Plan |
| February 16, 2025 | Withholding of 744 shares for tax liability related to vesting of restricted stock. |
| February 18, 2025 | Acquisition of 3,197 and 8,066 shares as performance units; withholding of 1,635 and 3,379 shares for tax liability; grant of 5,994 units under Long Term Incentive Plan. |
| February 18, 2026 | One-third of the 5,994 units granted on February 18, 2025, will vest. |
| February 18, 2027 | One-third of the 5,994 units granted on February 18, 2025, will vest. |
| February 18, 2028 | One-third of the 5,994 units granted on February 18, 2025, will vest. |
| February 20, 2025 | Date of Form 4 signature. |
Keywords
Universal Display Corp, OLED, Janice K. Mahon, Form 4, Stock Transactions, Beneficial Ownership, Restricted Stock, Performance Units, Long Term Incentive Plan, Tax Liability, Vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.