Universal Display (OLED) CFO has shares withheld to cover tax on stock vesting

Rhea-AI Filing Summary

Universal Display Corp. VP/CFO Brian Millard reported a tax-related share disposition. On March 4, 2026, 544 shares of common stock were withheld at $101.52 per share to cover tax liability from the vesting of 1,283 previously granted restricted stock shares. After this withholding, he directly owned 17,910 common shares.

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

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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 NJ 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)
03/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		F		544(1)	D	$101.52	17,910	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were withheld to satisfy a tax liability in connection with the vesting on March 4, 2026 of 1,283 shares of restricted stock previously granted to the Reporting Person.

	/s/ Brian Millard (by Mauro Premutico as power of attorney)	03/06/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did OLED executive Brian Millard report?

Brian Millard reported a tax-withholding disposition of 544 shares of Universal Display common stock. The shares were withheld to satisfy taxes triggered by the vesting of 1,283 restricted stock shares on March 4, 2026, rather than an open-market sale.

Was the OLED Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 544 shares were withheld by the company at $101.52 per share to cover tax liability tied to restricted stock vesting on March 4, 2026.

How many Universal Display (OLED) shares did Brian Millard dispose of?

Brian Millard disposed of 544 shares of Universal Display common stock. The disposition was a tax-withholding transaction related to restricted stock vesting, not a discretionary trade on the market, according to the Form 4 disclosure and accompanying footnote.

What stock award event triggered the OLED tax-withholding transaction?

The transaction was triggered by the vesting of 1,283 restricted stock shares on March 4, 2026. To satisfy the resulting tax liability, 544 of those shares were withheld, as detailed in the Form 4 footnote for Universal Display’s VP/CFO.

How many OLED shares does Brian Millard own after the Form 4 transaction?

After the tax-withholding disposition, Brian Millard directly owned 17,910 shares of Universal Display common stock. This post-transaction holding figure is reported in the Form 4 as the total number of shares beneficially owned following the transaction.

What price per share was used for the OLED tax-withholding disposition?

The Form 4 reports a price of $101.52 per share for the 544 shares withheld. This price was used to value the shares applied toward satisfying Brian Millard’s tax liability from the March 4, 2026 restricted stock vesting.