Form 4: Sue Ann Hamilton Reports Acquisition of Universal Electronics Inc. Shares Through Restricted Stock Unit Vesting
SEC Form 4 Filing
Director Sue Ann Hamilton reports the acquisition of 1,250 shares of Universal Electronics Inc. common stock through the vesting of restricted stock units.
Summary
- Sue Ann Hamilton, a director of Universal Electronics Inc. (UEIC), filed a Form 4 with the SEC.
- The filing reports a transaction on April 1, 2024, where Ms. Hamilton acquired 1,250 shares of UEIC common stock.
- This acquisition resulted from the vesting of restricted stock units (RSUs) that were granted as director compensation.
- Ms. Hamilton also indirectly owns 22,083 shares through the Sue Ann R. Hamilton Trust Account, but she disclaims ownership of these shares.
- Additionally, Ms. Hamilton holds options to purchase 20,000 shares of UEIC common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency to investors regarding the ownership positions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders, as it is a routine vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 11/12/2019 | Date of Limited Power of Attorney granted to Valerie J. Ballard. |
| 11/01/2020 | Date Employee Stock Options (Rt to Buy) were granted. |
| 07/01/2023 | Date of original grant of restricted stock units, vesting quarterly. |
| 04/01/2024 | Date of transaction: vesting of 1,250 restricted stock units. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
| 11/01/2029 | Expiration date of Employee Stock Options (Rt to Buy). |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.