Form 4: Universal Electronics CEO Paul Arling Reports Stock Transactions

Paul Arling, CEO of Universal Electronics Inc., reports transactions involving common stock and restricted stock units, including acquisitions, disposals, and vesting.

Summary

• Paul Arling, CEO of Universal Electronics Inc. (UEIC), filed a Form 4 detailing changes in beneficial ownership.
• The transactions include the vesting of restricted stock units (RSUs) and performance stock units (PSUs).
• Arling acquired 4,711 and 2,532 shares of common stock on November 9 and 10, 2024, respectively, through the vesting of RSUs.
• He also disposed of 1,971 and 1,059 shares on the same dates to cover taxes related to the RSU vesting, at a price of $10.25 per share.
• Following these transactions, Arling directly owns 11,800 shares and indirectly owns 284,253 shares through the Arling Family Trust.
• He also holds 63,103 restricted stock units, 36,000 performance stock units, and 418,830 employee stock options.
• Arling disclaims beneficial ownership of shares held by the Arling Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

• Mr. Arling disclaims beneficial ownership of the shares held by the Trust.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Key Dates