Form 4: Universal Display Corp Executive Janice K. Mahon Reports Stock Transactions

Janice K. Mahon, SVP of Tech Commercialization at Universal Display Corp, reports acquisition and disposal of common stock to cover tax liabilities related to vesting of restricted stock.

Summary

• Janice K. Mahon, SVP of Tech Commercialization at Universal Display Corporation, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 7, 2024, Ms. Mahon acquired 1,014 shares of common stock as performance units under the company's Long Term Incentive Plan.
• Also on March 7, 2024, Ms. Mahon disposed of 518 shares at $172.74 to cover tax liabilities related to the vesting of 1,014 shares of restricted stock.
• Additionally, 1,070 shares were disposed of at $172.74 to cover tax liabilities related to the vesting of 2,092 shares of restricted stock on the same date.
• Following these transactions, Ms. Mahon beneficially owns 42,775 shares of Universal Display Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of 1,014 shares indicates that performance conditions related to the Long Term Incentive Plan were met.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation and tax planning. This filing provides transparency into the holdings of a key executive at Universal Display Corp.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units, which vest over time and may result in the need to sell shares to cover tax liabilities.
• Companies like Samsung Display and LG Display, which are major players in the OLED industry, also have similar executive compensation structures.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates