Universal Display (OLED) SVP awarded stock units, offsets taxes
Rhea-AI Filing Summary
Universal Display Corp senior vice president and chief legal officer Mauro Premutico reported two stock transactions. On February 17, 2026, he acquired 9,062 shares of common stock as a grant under the company’s Long Term Incentive Plan at a stated price of $0.00 per share, bringing his holdings to 44,903 shares. These units are part of his 2026 compensation and vest in three equal installments on February 17, 2027, 2028 and 2029.
On February 18, 2026, 1,412 shares of common stock at $119.92 per share were disposed of in a tax-withholding transaction to satisfy tax liability from the vesting of previously granted restricted stock, reducing his directly held shares to 43,491. This tax withholding is not an open-market sale.
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FAQ
What stock grant did Universal Display (OLED) executive Mauro Premutico receive?
Mauro Premutico received a grant of 9,062 common shares as part of his 2026 compensation under Universal Display’s Long Term Incentive Plan. The award vests in three equal parts on February 17, 2027, 2028 and 2029, subject to continued service.
How many Universal Display (OLED) shares were used to cover Mauro Premutico’s taxes?
A total of 1,412 common shares of Universal Display were withheld at $119.92 per share to satisfy Mauro Premutico’s tax liability from the vesting of earlier restricted stock, reducing his directly held position but without an open-market sale.
How many Universal Display (OLED) shares does Mauro Premutico now hold directly?
After the reported transactions, Mauro Premutico directly holds 43,491 shares of Universal Display common stock. This figure reflects the recent equity grant of 9,062 shares and the withholding of 1,412 shares for tax obligations related to vested restricted stock.
Were Mauro Premutico’s recent Universal Display (OLED) transactions open-market buys or sells?
The transactions were not open-market trades. One was a grant of 9,062 shares as compensation, and the other was a withholding of 1,412 shares to cover taxes on vested restricted stock, rather than a discretionary market sale.
What plan governs Mauro Premutico’s new Universal Display (OLED) stock units and vesting?
The 9,062-share grant was made under Universal Display’s Long Term Incentive Plan. These units are tied to his 2026 compensation and vest over three years, with one-third vesting on each of February 17, 2027, 2028 and 2029.