Form 4: Universal Display Corp Executive Julia J. Brown Reports Changes in Beneficial Ownership

EVP and Chief Technical Officer of Universal Display Corporation, Julia J. Brown, reports acquisition and disposal of common stock related to vesting of performance units and tax liabilities.

Summary

• On March 7, 2024, Julia J. Brown, EVP & Chief Technical Officer of Universal Display Corporation, acquired 1,636 shares of common stock as performance units under the company's Long Term Incentive Plan.
• These shares vested subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on March 7, 2024.
• Also on March 7, 2024, 693 shares were withheld to satisfy a tax liability related to the vesting of 1,636 shares of restricted stock.
• An additional 1,431 shares were withheld to satisfy a tax liability related to the vesting of 3,375 shares of restricted stock on the same date.
• Following these transactions, Brown beneficially owns 66,852 shares of Universal Display Corporation common stock.

Sentiment

Score: 6

Explanation: The document is neutral, reporting routine transactions related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The vesting of performance units indicates that the company met certain performance conditions set by the Human Capital Committee.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the ongoing administration of incentive plans designed to align executive interests with shareholder value.

Stakeholder Impact

• The vesting of performance units and restricted stock aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates