Form 4: Universal Electronics Inc. Executive VP Reports Stock Transactions
SEC Form 4 Filing
David Cheung Hyen Chong, EVP Global Sales at Universal Electronics Inc., reports the vesting and subsequent tax withholding of shares, along with holdings in restricted stock units, performance stock units, and employee stock options.
Summary
- On February 22, 2025, David Cheung Hyen Chong, EVP Global Sales at Universal Electronics Inc. (UEIC), reported transactions involving the company's stock.
- 2,149 common stock shares were acquired through the vesting of restricted stock units (RSUs).
- 1,013 shares were disposed of to cover taxes related to the RSU vesting at a price of $8.475 per share.
- Following these transactions, Chong directly owns 33,793 shares of common stock.
- Chong also indirectly owns 5,112 shares held by a tax-deferred annuity.
- Chong holds 16,000 restricted stock units, 14,001 performance stock units, and 19,455 employee stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports required insider trading activity. There is no indication of positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of the reported transactions (RSU vesting and tax withholding). |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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