Form 4: Universal Electronics Inc. Executive Ammari Reports Stock Transactions

Ramzi Ammari, a Senior VP at Universal Electronics Inc., reported the vesting and subsequent tax withholding of shares related to restricted stock units (RSUs) and performance stock units (PSUs).

Summary

• On February 7, 2025, Ramzi Ammari exercised 8,000 restricted stock units and had 3,772 shares withheld for taxes at a price of $10.04.
• On February 9, 2025, Ammari exercised 1,178 restricted stock units and had 555 shares withheld for taxes at a price of $10.04.
• On February 10, 2025, Ammari exercised 663 restricted stock units and had 312 shares withheld for taxes at a price of $9.74.
• Following these transactions, Ammari directly owns 34,841 shares of common stock, 20,711 restricted stock units, 24,000 performance stock units, and 97,280 employee stock options.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting and subsequent tax withholding of shares are typical components of executive compensation packages, aligning with industry norms.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in the number of outstanding shares.

Key Dates

Keywords

Form 4, insider trading, stock options, restricted stock units, performance stock units, UEIC, Universal Electronics Inc., Ammari, Ramzi