Form 4: Universal Display Corp Executive Julia J. Brown Reports Stock Transaction
SEC Form 4 Filing
EVP & Chief Technical Officer of Universal Display Corporation, Julia J. Brown, reports disposition of shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 7, 2025, Julia J. Brown, EVP & Chief Technical Officer of Universal Display Corporation, disposed of 1,431 shares of common stock to satisfy a tax liability.
- The shares were withheld in connection with the vesting of 3,375 shares of restricted stock previously granted to Ms. Brown.
- The transaction price was $159.74 per share.
- Following the transaction, Ms. Brown beneficially owns 73,861 shares of Universal Display Corporation common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of stock transaction and vesting of restricted stock. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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