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.

Summary

• Paul Arling, CEO of Universal Electronics Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 9, 2024, 4,711 restricted stock units vested, resulting in the acquisition of 4,711 shares of common stock and a tax withholding of 1,971 shares at a price of $13.71.
• On May 10, 2024, 2,532 restricted stock units vested, resulting in the acquisition of 2,532 shares of common stock and a tax withholding of 1,059 shares at a price of $13.135.
• Following these transactions, Mr. Arling directly owns 11,800 shares and indirectly owns 275,827 shares through the Arling Family Trust, and 1,000 shares indirectly through his spouse.
• He also holds 80,121 restricted stock units, 77,589 restricted stock units, 36,000 performance stock units, and 418,830 employee stock options.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a normal part of corporate governance and are regularly disclosed by executives at companies like Apple, Google, and Microsoft.
• The vesting of restricted stock units and subsequent tax withholding are standard compensation practices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares held by the CEO.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates