Form 4: Universal Display Corp Executive Julia J. Brown Reports Tax Liability Share Withholding
SEC Form 4 Filing
Julia J. Brown, EVP & Chief Technical Officer of Universal Display Corporation, reports the withholding of 1,147 shares to cover tax liabilities related to vesting restricted stock.
Summary
- On March 4, 2025, Julia J. Brown, EVP & Chief Technical Officer of Universal Display Corporation, had 1,147 shares of common stock withheld to cover tax liabilities.
- This withholding was related to the vesting of 2,705 shares of restricted stock previously granted to Ms. Brown.
- The price per share for the transaction was $148.85.
- Following the transaction, Ms. Brown beneficially owns 75,292 shares of Universal Display Corporation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax liability settlement related to stock vesting, a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: withholding of shares for tax liability and vesting of restricted stock. |
| 03/06/2025 | Date of signature for the Form 4 filing. |
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