Form 4: Universal Electronics Inc. Executive Reports Stock Transactions
SEC Filing Form 4
Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc., reports acquisition and disposal of common stock and derivative securities.
Summary
- Richard K. Carnifax, S.V.P. Global Operations at Universal Electronics Inc. (UEIC), filed a Form 4 detailing changes in beneficial ownership.
- On November 9, 2024, Carnifax acquired 673 shares of common stock through the vesting of restricted stock units (RSUs).
- Also on November 9, 2024, 281 shares were disposed of to cover taxes related to the RSU vesting at a price of $10.25 per share.
- Following these transactions, Carnifax directly owns 7,657 shares of common stock.
- Carnifax also holds 19,298 restricted stock units, 18,465 employee stock options, and 14,001 performance stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities 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 be of interest to shareholders as they provide insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| May 7, 2024 | Date of Limited Power of Attorney granted to Bryan Allison. |
| November 9, 2024 | Date of stock transactions (acquisition and disposal). |
| November 12, 2024 | Date of signature on the Form 4. |
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