Form 4: Universal Electronics Inc. Executive Reports Stock Transactions

Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc., reports the vesting and subsequent tax withholding of shares related to 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 of the company's stock.
• On February 7, 2025, 4,668 restricted stock units (RSUs) vested, and 2,200 shares were withheld to cover taxes at a price of $10.04 per share.
• Following these transactions, Carnifax directly owns 10,125 shares of common stock and 14,630 restricted stock units.
• On February 9, 2025, 673 restricted stock units (RSUs) vested, and 317 shares were withheld to cover taxes at a price of $10.04 per share.
• Following these transactions, Carnifax directly owns 10,481 shares of common stock and 13,957 restricted stock units.
• Carnifax also holds 14,001 performance stock units and 18,465 employee stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future 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.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the executive's holdings, but the overall impact is likely minimal.

Key Dates

Keywords

Form 4, beneficial ownership, stock options, restricted stock units, UEIC, Universal Electronics Inc., Carnifax, insider trading