Form 4: Universal Display Corp VP/CFO Brian Millard Reports Acquisition of Common Stock

Brian Millard, VP/CFO of Universal Display Corporation, reports the acquisition of 4,593 shares of common stock as part of his 2025 compensation.

Summary

• Brian Millard, the VP/CFO of Universal Display Corporation, filed a Form 4 on February 20, 2025.
• The report details a transaction on February 18, 2025, where Mr. Millard acquired 4,593 shares of Universal Display Corp common stock.
• These shares were granted under the company's Long Term Incentive Plan as part of his 2025 compensation.
• The acquired shares are subject to time-based restrictions, vesting in three equal installments on February 18 of 2026, 2027, and 2028.
• Following the reported transaction, Mr. Millard beneficially owns 16,737 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence from the executive in the company's future.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule indicates a long-term incentive structure, aligning executive compensation with the company's performance over the next three years.

Industry Context

Executive compensation in the OLED industry often includes stock options and grants to align management interests with shareholder value and incentivize long-term growth.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded technology companies, including those in the display industry like Samsung Display and LG Display.
• The vesting schedule of three years is fairly standard for executive stock grants, aligning with typical performance evaluation cycles.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of shareholders, incentivizing actions that increase shareholder value.

Key Dates

Keywords

Universal Display Corp, Brian Millard, Form 4, OLED, Stock Acquisition, Executive Compensation, Long Term Incentive Plan, Beneficial Ownership