Form 4: Universal Display Corp Executive Mauro Premutico Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mauro Premutico, SVP & CLO of Universal Display Corporation, sold 1,152 shares of common stock on March 4, 2025, to cover tax liabilities related to vesting restricted stock.
Summary
- On March 4, 2025, Mauro Premutico, SVP & CLO of Universal Display Corporation, disposed of 1,152 shares of common stock.
- The transaction was executed to satisfy a tax liability associated with the vesting of 2,081 shares of restricted stock.
- The sale price was $148.85 per share.
- Following the transaction, Premutico directly owns 39,966 shares of Universal Display Corporation.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
Executive stock transactions are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations when restricted stock vests. This transaction does not necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: Sale of 1,152 shares of common stock and vesting of 2,081 shares of restricted stock. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
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