Form 4: Universal Electronics Director Romulo Pontual Reports Stock Transactions
SEC Form 4
Director Romulo Pontual reports the vesting of restricted stock units and disposal of shares to cover taxes.
Summary
- On April 1, 2024, Romulo Pontual, a director of Universal Electronics Inc. (UEIC), reported transactions involving the company's stock.
- Pontual acquired 1,250 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Pontual disposed of 1,250 shares to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Pontual directly owns 9,579 shares of UEIC common stock.
- Pontual also holds options to purchase 20,000 shares of UEIC common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't indicate any significant positive or negative sentiment.
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 trading activities of company insiders.
Stakeholder Impact
- The transaction has a neutral impact on stakeholders as it is a routine part of director compensation.
Key Dates
| Date | Description |
|---|---|
| 07/21/2022 | Limited Power of Attorney dated |
| 07/01/2023 | Original grant of restricted stock units awarded as director compensation |
| 07/27/2023 | Date Employee Stock Option (Rt to Buy) |
| 04/01/2024 | Transaction Date: Vesting of restricted stock units and disposal of shares |
| 04/02/2024 | Date of signature |
| 07/27/2032 | Expiration Date Employee Stock Option (Rt to Buy) |
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