Form 4: Universal Electronics SVP and COO Reports Stock Transactions

Richard K. Carnifax, SVP and COO of Universal Electronics Inc., reports the vesting of restricted stock units and associated tax withholding.

Summary

• Richard K. Carnifax, SVP and COO of Universal Electronics Inc. (UEIC), filed a Form 4 detailing changes in beneficial ownership.
• On May 9, 2025, 673 restricted stock units (RSUs) vested, resulting in the acquisition of 673 shares of common stock.
• Also on May 9, 2025, 275 shares were withheld to cover taxes related to the RSU vesting at a price of $6.865 per share.
• Following these transactions, Carnifax directly owns 12,592 shares of common stock, 10,183 restricted stock units, and 92,433 performance stock units.
• Carnifax also holds options to buy 18,465 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing is a standard disclosure of stock transactions.

Positives

• The vesting of restricted stock units indicates that performance milestones have been met.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates

Keywords

Form 4, beneficial ownership, stock options, restricted stock units, performance stock units, UEIC, Universal Electronics, Carnifax, SVP, COO