Form 4: Universal Electronics SVP and COO, Richard K. Carnifax, Reports Stock Transactions
SEC Form 4
Richard K. Carnifax, SVP and COO of Universal Electronics Inc., reports the vesting of restricted stock units and associated tax withholding.
Summary
- On May 7, 2025, Richard K. Carnifax, SVP and COO of Universal Electronics Inc., reported transactions involving the company's stock.
- These transactions included the vesting of 1,167 restricted stock units (RSUs) and the subsequent withholding of 477 shares to cover applicable taxes.
- The price per share for the tax withholding was $5.685.
- Following these transactions, Carnifax directly owns 12,194 shares of common stock, 10,856 restricted stock units, 92,433 performance stock units, and 18,465 employee stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions related to executive compensation. There is no indication of positive or negative news.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and recent activity in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and do not represent a significant change in the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| May 7, 2024 | Date of Limited Power of Attorney |
| May 7, 2025 | Date of reported transactions: RSU vesting and tax withholding |
| May 8, 2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Insider Trading, Stock Options, Restricted Stock Units, Performance Stock Units, Universal Electronics Inc, UEIC, Richard K. Carnifax, SVP, COO
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