Form 4: Universal Display Corp Executive Sells Shares to Cover Tax Obligations

Mauro Premutico, SVP & CLO of Universal Display Corporation, sold shares to cover tax liabilities arising from the vesting of restricted stock.

Summary

• On March 7, 2025, Mauro Premutico, SVP & CLO of Universal Display Corporation, engaged in a transaction involving the sale of company stock.
• A total of 1,438 shares of common stock were disposed of at a price of $159.74 per share.
• This transaction was executed to cover tax liabilities associated with the vesting of 2,597 shares of restricted stock.
• Following the transaction, Premutico directly owns 38,528 shares of Universal Display Corporation.
• The transaction was reported on March 11, 2025.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock). It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock transactions are a normal part of corporate governance. This transaction appears to be related to tax obligations and not necessarily indicative of a change in sentiment regarding the company's prospects.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates