Form 4: Universal Electronics Director Romulo Pontual Reports Stock Transactions
SEC Form 4 Filing
Director Romulo Pontual reports the vesting of restricted stock units and subsequent disposition of shares of Universal Electronics Inc.
Summary
- Romulo Pontual, a director of Universal Electronics Inc. (UEIC), filed a Form 4 with the SEC.
- The report details the vesting of 1,250 restricted stock units (RSUs) on October 1, 2024, which convert into shares of UEIC common stock.
- Following the transaction, Pontual directly owns 12,079 shares of common stock.
- Pontual also holds 3,750 restricted stock units and 20,000 employee stock options.
- The filing was signed on October 2, 2024, by Bryan Allison under a power of attorney.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| July 21, 2022 | Date of Limited Power of Attorney granted to Bryan Allison. |
| October 01, 2024 | Date of transaction: vesting of restricted stock units and disposition of shares. |
| October 02, 2024 | Date of Form 4 signature. |
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