Form 4: Universal Electronics SVP and CFO Reports Stock Transactions

Bryan M. Hackworth, SVP and CFO of Universal Electronics Inc., reports transactions involving restricted stock units, common stock, performance stock units and employee stock options.

Summary

• Bryan M. Hackworth, SVP and CFO of Universal Electronics Inc. (UEIC), filed a Form 4 detailing changes in beneficial ownership.
• On May 9, 2024, 1,346 restricted stock units (RSUs) vested, resulting in the acquisition of 1,346 shares of common stock.
• Also on May 9, 2024, 709 shares were withheld to cover taxes related to the vesting of RSUs at a price of $13.71 per share.
• On May 10, 2024, 723 restricted stock units vested, resulting in the acquisition of 723 shares of common stock.
• Additionally, on May 10, 2024, 381 shares were withheld to cover taxes related to the vesting of RSUs at a price of $13.135 per share.
• Following these transactions, Mr. Hackworth directly owns 11,200 shares of common stock.
• Mr. Hackworth indirectly owns 60,291 shares through the Hackworth Family Trust, for which he disclaims beneficial ownership.
• He also holds 39,590 restricted stock units, 27,999 performance stock units, and 136,800 employee stock options.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares held by an insider.

Key Dates