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

Ramzi Ammari, a Senior VP at Universal Electronics Inc., reports the vesting and subsequent tax withholding of shares related to restricted stock units.

Summary

• On August 9th and 10th, 2024, Ramzi Ammari, a Senior VP at Universal Electronics Inc. (UEIC), engaged in transactions involving common stock and restricted stock units (RSUs).
• Ammari acquired shares through the vesting of RSUs and subsequently had shares withheld to cover taxes related to the vesting.
• Specifically, 1,178 and 663 shares were acquired on August 9th and 10th respectively through RSU vesting.
• 492 and 277 shares were disposed of on August 9th and 10th respectively to cover taxes at a price of $10.105 per share.
• Following these transactions, Ammari directly owns 28,567 shares of UEIC common stock.
• Ammari also holds 32,393 Restricted Stock Units and 24,000 Performance Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.

Key Dates