Form 4: Universal Electronics Inc. Executive Richard A. Firehammer Jr. Reports Stock Transactions

Richard A. Firehammer Jr., Senior Vice President of Universal Electronics Inc., reports the vesting of restricted stock units and subsequent tax withholding of shares.

Summary

• Richard A. Firehammer Jr., a Senior Vice President at Universal Electronics Inc. (UEIC), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 23, 2024, 1,667 restricted stock units (RSUs) vested, each representing a contingent right to receive one share of UEI common stock.
• Also on May 23, 2024, 802 shares were withheld to cover taxes applicable to the vesting of the RSUs at a price of $12.15 per share.
• Following these transactions, Firehammer directly owns 865 shares of common stock and 3,334 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership of shares.
• The vesting of RSUs is part of the executive's compensation package, impacting employee benefits.

Key Dates