Form 4: Universal Electronics EVP David Cheung Hyen Chong Reports Stock Transactions

David Cheung Hyen Chong, EVP Global Sales at Universal Electronics Inc., reports the vesting of restricted stock units and associated tax withholding.

Summary

• On May 23, 2024, David Cheung Hyen Chong, EVP Global Sales at Universal Electronics Inc., reported transactions involving the company's common stock.
• Mr. Chong acquired 3,334 shares of common stock through the vesting of restricted stock units (RSUs).
• He also disposed of 1,431 shares to cover taxes related to the RSU vesting at a price of $12.15 per share.
• Following these transactions, Mr. Chong directly owns 30,189 shares of common stock and indirectly owns 5,112 shares through a tax-deferred annuity.
• He also holds 22,817 restricted stock units, 14,001 performance stock units, and options to buy 33,480 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates