Form 4: Universal Electronics Inc. Executive Carnifax Reports Stock Transactions
SEC Form 4 Filing
Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc., reports the vesting of restricted stock units and associated tax withholding.
Summary
- On February 22, 2025, Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc. (UEIC), reported transactions involving the company's stock.
- Carnifax acquired 1,934 shares of common stock through the vesting of restricted stock units (RSUs).
- 911 shares were withheld to cover taxes related to the RSU vesting at a price of $8.475 per share.
- Following these transactions, Carnifax directly owns 11,504 shares of common stock, 12,023 restricted stock units, 14,001 performance stock units and 18,465 employee stock options.
- The reported transactions were executed under the terms of the company's Stock Incentive Plan.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
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.
Key Dates
| Date | Description |
|---|---|
| May 7, 2024 | Date of Limited Power of Attorney granted to Bryan Allison. |
| February 22, 2025 | Date of the reported transactions (vesting of RSUs and tax withholding). |
| February 25, 2025 | Date of signature for the Form 4 filing. |
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