Form 4: Universal Electronics SVP and CFO Bryan Hackworth Reports Stock Transactions

Bryan Hackworth, SVP and CFO of Universal Electronics, reports transactions involving common stock and restricted stock units.

Summary

• Bryan Hackworth, the SVP and CFO of Universal Electronics, filed a Form 4 detailing changes in beneficial ownership.
• The reported transactions include the acquisition and disposal of common stock related to the vesting of restricted stock units (RSUs).
• On August 9, 2024, 1,346 shares were acquired through RSU vesting, and 710 shares were disposed of to cover taxes at a price of $10.105 per share.
• On August 10, 2024, 723 shares were acquired through RSU vesting, and 381 shares were disposed of to cover taxes at a price of $10.105 per share.
• Following these transactions, Mr. Hackworth directly owns 11,200 shares of common stock and indirectly owns 61,269 shares through the Hackworth Family Trust.
• He also holds 37,521 restricted stock units, 136,800 employee stock options, and 27,999 performance stock units.

Sentiment

Score: 5

Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company executive and does not inherently indicate positive or negative sentiment. It reflects standard compensation practices.

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.

Key Dates