Form 4: Universal Electronics Inc. Executive Carnifax Reports Stock Unit Awards

Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc., reports the acquisition of performance and restricted stock units.

Summary

• Richard K. Carnifax, a Senior Vice President at Universal Electronics Inc. (UEIC), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 39,216 performance stock units granted on April 9, 2025, vesting in tranches based on stock price and service conditions, expiring on April 9, 2028 if unvested.
• Another grant of 39,216 performance stock units was also awarded on April 9, 2025, with similar vesting conditions tied to stock price and service, also expiring on April 9, 2028 if unvested.
• Carnifax also holds 12,023 restricted stock units and 18,465 employee stock options.
• The filing was signed on April 11, 2025, by Kristin Cazarez under a Limited Power of Attorney dated May 7, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of stock units is a common practice and suggests confidence in the company's future performance. However, it's not a major event that would significantly impact the stock price.

Positives

• The granting of performance stock units and restricted stock units to a key executive suggests an incentive alignment with company performance and shareholder value.

Future Outlook

The vesting of performance stock units is contingent on future stock price performance and continued service, aligning executive compensation with company goals.

Industry Context

Stock-based compensation is a common practice in the technology industry to attract, retain, and incentivize key executives. The specific terms of the vesting schedule and performance targets are tailored to the company's strategic goals.

Comparison to Industry Standards

• Companies like Apple, Google, and Microsoft use stock options and restricted stock units as part of their compensation packages.
• The vesting schedules and performance metrics vary depending on the company's size, stage of development, and industry.

Stakeholder Impact

• Shareholders may view the stock unit grants as a positive sign, aligning executive interests with company performance.
• Employees may see it as a positive indicator of the company's commitment to its leadership team.

Key Dates

Keywords

Form 4, beneficial ownership, stock units, Universal Electronics Inc, UEIC, executive compensation, Carnifax, stock options