Form 4: Universal Electronics Director Satjiv S. Chahil Reports Stock Unit Activity
SEC Form 4 Filing
Director Satjiv S. Chahil reports the vesting of restricted stock units and subsequent acquisition of common stock.
Summary
- On October 1, 2024, Satjiv S. Chahil, a director of Universal Electronics Inc., reported a transaction involving restricted stock units.
- 1,250 restricted stock units vested, each representing a contingent right to receive one share of UEI common stock.
- Following the transaction, Mr. Chahil directly owns 3,750 derivative securities.
- Mr. Chahil also indirectly owns 132,561 shares of common stock through the Satjiv Chahil Trust, but disclaims ownership of these shares.
- The transaction was reported on a Form 4 filed with the SEC on October 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 01/22/2003 | Date of Limited Power of Attorney |
| 10/01/2024 | Date of transaction (vesting of restricted stock units) |
| 10/02/2024 | Date of SEC filing (Form 4) |
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