Form 4: Universal Electronics Inc. Director Reports Stock Transactions

William C. Mulligan, a director at Universal Electronics Inc., reported the acquisition of restricted stock units and transactions involving common stock held in a trust.

Summary

• On October 1, 2024, William C. Mulligan, a director of Universal Electronics Inc., reported transactions involving the company's stock.
• Mulligan acquired 1,250 restricted stock units, each representing a contingent right to receive one share of UEI common stock.
• He also reported transactions related to common stock held in The William Mulligan Rev Dec Trust, where he serves as trustee, disclaiming ownership of those shares.
• Following the reported transactions, Mulligan directly owns 2,490 shares of common stock and indirectly owns 48,913 shares through the trust.
• He also holds 3,750 derivative securities in the form of restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, and the sentiment is neutral. It simply reports stock transactions by a company director.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock transactions of a company director.

Key Dates