Universal Display CFO awarded stock, tax withheld

Universal Display VP/CFO Brian Millard reported equity compensation activity in company common stock.

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Form Type

Rhea-AI Filing Summary

Universal Display VP/CFO Brian Millard reported equity compensation activity in company common stock. On March 7, 2026, he received awards totaling 8,035 shares from performance units and restricted stock vesting under the Long Term Incentive Plan. To cover related tax liabilities, 3,917 shares were withheld at $97.03 per share, a non-market transaction. After these grants and tax withholdings, he directly holds 22,028 shares of Universal Display common stock.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Millard Brian

Role VP/CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,497	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	635	$97.03	$62K
Grant/Award	Common Stock	4,942	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,096	$97.03	$203K
Grant/Award	Common Stock	1,596	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	677	$97.03	$66K
Exercise Price or Tax Liability	Common Stock	509	$97.03	$49K

Holdings After Transaction: Common Stock — 22,028 shares (Direct)

Footnotes (5)

F1. These shares were granted to the Reporting Person as performance units under the Company's Long Term Incentive Plan as part of 2023 compensation and vested on March 7, 2026 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 17, 2026 as having occurred.
F2. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 1,497 shares of restricted stock previously granted to the Reporting Person.
F3. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 4,942 shares of restricted stock previously granted to the Reporting Person.
F4. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 1,596 shares of restricted stock previously granted to the Reporting Person.
F5. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 1,202 shares of restricted stock previously granted to the Reporting Person.

FAQ

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What did Universal Display (OLED) CFO Brian Millard report on this Form 4?

CFO Brian Millard reported equity compensation activity, including vested performance units and restricted stock under Universal Display’s Long Term Incentive Plan, along with shares withheld to cover tax obligations tied to those vestings.

How many Universal Display shares vested for CFO Brian Millard?

A total of 8,035 Universal Display common shares vested for CFO Brian Millard. These came from performance units and restricted stock granted as part of his 2023 compensation under the company’s Long Term Incentive Plan.

Why were some Universal Display (OLED) shares disposed of in this filing?

The filing shows 3,917 shares treated as dispositions solely to satisfy tax liabilities. These shares were withheld by Universal Display in connection with the vesting of previously granted restricted stock, not sold by the CFO in the open market.

At what price were Universal Display shares withheld for taxes?

Shares withheld for tax obligations were valued at $97.03 per share. This price is used in the Form 4 to record the tax-withholding dispositions associated with the vesting of the CFO’s restricted stock awards on March 7, 2026.

How many Universal Display shares does the CFO hold after these transactions?

Following the vesting and related tax-withholding entries, CFO Brian Millard directly holds 22,028 shares of Universal Display common stock. This figure reflects his updated ownership after all reported grant, vesting, and tax-withholding transactions on March 7, 2026.

Were these Universal Display (OLED) transactions open-market buys or sells?

No open-market trades are reported. The Form 4 reflects stock awards vesting as compensation and shares withheld to cover tax liabilities. Code A entries are grants or awards, while code F entries represent tax-withholding dispositions rather than discretionary market sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/10/2026 - 04:00 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Millard Brian

(Last)

(First)

(Middle)

C/O UNIVERSAL DISPLAY CORPORATION

250 PHILLIPS BLVD.

(Street)

EWING

08618

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL DISPLAY CORP \PA\ [ OLED ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP/CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/07/2026		A		1,497⁽¹⁾	A	$0	19,407	D
Common Stock	03/07/2026		F		635⁽²⁾	D	$97.03	18,772	D
Common Stock	03/07/2026		A		4,942⁽¹⁾	A	$0	23,714	D
Common Stock	03/07/2026		F		2,096⁽³⁾	D	$97.03	21,618	D
Common Stock	03/07/2026		A		1,596⁽¹⁾	A	$0	23,214	D
Common Stock	03/07/2026		F		677⁽⁴⁾	D	$97.03	22,537	D
Common Stock	03/07/2026		F		509⁽⁵⁾	D	$97.03	22,028	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were granted to the Reporting Person as performance units under the Company's Long Term Incentive Plan as part of 2023 compensation and vested on March 7, 2026 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 17, 2026 as having occurred.

2. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 1,497 shares of restricted stock previously granted to the Reporting Person.

3. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 4,942 shares of restricted stock previously granted to the Reporting Person.

4. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 1,596 shares of restricted stock previously granted to the Reporting Person.

5. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 1,202 shares of restricted stock previously granted to the Reporting Person.

	/s/ Brian Millard (by Mauro Premutico as power of attorney)	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR