Form 4: Universal Display Corp Executive Reports Stock Transactions

Mauro Premutico, SVP & CLO of Universal Display Corporation, reports multiple transactions involving company stock, including acquisitions and disposals to cover tax liabilities.

Summary

• Mauro Premutico, a Senior Vice President and Chief Legal Officer at Universal Display Corporation, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On February 16, 2025, 1,375 shares were disposed of to cover tax liabilities related to the vesting of restricted stock at a price of $142.5 per share.
• On February 18, 2025, Mr. Premutico acquired 3,969 shares as performance units under the Company's Long Term Incentive Plan as part of 2022 compensation.
• Also on February 18, 2025, 2,198 shares were disposed of to cover tax liabilities related to the vesting of 3,969 shares of restricted stock at a price of $145.02 per share.
• Additionally, on February 18, 2025, Mr. Premutico acquired 10,013 shares as performance units under the Company's Long Term Incentive Plan.
• On the same day, 5,545 shares were disposed of to cover tax liabilities related to the vesting of 10,013 shares of restricted stock at a price of $145.02 per share.
• Finally, on February 18, 2025, Mr. Premutico acquired 7,440 units under the Company's Long Term Incentive Plan as part of the Reporting Person's 2025 compensation.
• Following these transactions, Mr. Premutico beneficially owns 41,118 shares of Universal Display Corporation stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are standard for executive compensation and tax obligations. There is no indication of unusual activity or concern.

Positives

• The acquisition of performance units and incentive plan units suggests confidence in the company's future performance.
• The Long Term Incentive Plan units vest over time (2026, 2027, and 2028), aligning the executive's interests with the long-term success of the company.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the Long Term Incentive Plan units extends to 2028.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's confidence in the company's prospects. Form 4 filings are a standard part of regulatory compliance.

Comparison to Industry Standards

• Executive compensation packages often include stock options, restricted stock units (RSUs), and performance-based awards to align management's interests with shareholder value.
• Companies like Samsung Display and LG Display, which are major competitors in the OLED market, also utilize similar compensation strategies for their executives.
• The vesting schedules and performance metrics associated with these awards are typically benchmarked against industry peers to ensure competitiveness and effectiveness.

Stakeholder Impact

• The transactions themselves have minimal direct impact on stakeholders.
• However, the structure of executive compensation, including stock-based awards, can influence management's decisions and, therefore, indirectly affect shareholders, employees, and other stakeholders.

Key Dates

Keywords

Universal Display Corporation, OLED, Form 4, Stock Transactions, Beneficial Ownership, Mauro Premutico, Executive Compensation, Long Term Incentive Plan, Restricted Stock, Tax Liabilities