Form 4: Universal Display Corp VP/CFO Brian Millard Reports Tax Liability Share Withholding
SEC Form 4 Filing
Brian Millard, VP/CFO of Universal Display Corporation, reports the withholding of 354 common stock shares to cover tax liabilities related to vesting restricted stock.
Summary
- On March 7, 2024, Brian Millard, VP/CFO of Universal Display Corporation, had 354 shares of common stock withheld to cover tax liabilities.
- This withholding was related to the vesting of 1,203 shares of restricted stock previously granted to Millard.
- Following the transaction, Millard directly owns 13,904 shares of Universal Display Corporation common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating standard corporate practices. There is nothing to suggest a positive or negative outlook.
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.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of the transaction where 354 shares were withheld for tax liability. |
| 03/11/2024 | Date of signature for the Form 4 filing. |
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