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

Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc., reports the vesting of restricted stock units and associated tax withholding.

Summary

• Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc. (UEIC), filed a Form 4 detailing changes in beneficial ownership.
• On August 9, 2024, 673 restricted stock units (RSUs) vested, resulting in the acquisition of 673 shares of common stock.
• Also on August 9, 2024, 281 shares were withheld to cover taxes related to the RSU vesting at a price of $10.105 per share.
• Following these transactions, Carnifax directly owns 7,265 shares of UEIC common stock.
• Carnifax also holds 19,971 restricted stock units, 18,465 employee stock options, and 14,001 performance stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, and does not contain any information that would significantly impact sentiment.

Positives

• The vesting of RSUs indicates that performance milestones or time-based vesting requirements have been met.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation practices.

Key Dates