Form 4: Universal Electronics Director Eric Singer Reports Stock Unit Activity
SEC Form 4 Filing
Eric Singer, a director at Universal Electronics Inc., reports the vesting of restricted stock units and indirect ownership through Toro 18.
Summary
- On April 1, 2024, Eric Singer, a director of Universal Electronics Inc., reported a transaction involving restricted stock units.
- 1,250 restricted stock units vested, resulting in the disposal of 1,250 shares.
- Singer also indirectly owns 1,544,647 shares of common stock through Toro 18.
- The restricted stock units were awarded on January 1, 2024, as director compensation and vest quarterly, ending on July 1, 2024.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Restricted stock units awarded to Eric Singer as Director compensation |
| 04/01/2024 | Vesting of 1,250 restricted stock units |
| 04/01/2024 | Limited Power of Attorney dated |
| 04/02/2024 | Date of signature |
| 07/01/2024 | End of vesting period for restricted stock units |
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