Universal Display SVP receives stock awards, shares withheld
Universal Display Corp. SVP & CLO Mauro Premutico reported equity compensation activity in company stock.
Rhea-AI Filing Summary
Universal Display Corp. SVP & CLO Mauro Premutico reported equity compensation activity in company stock. On March 7, 2026, he received several stock awards classified as grants or awards of common stock, tied to the company’s Long Term Incentive Plan and 2023 compensation, after performance conditions were certified as achieved.
The same day, the company withheld blocks of shares at $97.03 per share to cover related tax liabilities upon vesting of these and previously granted restricted stock awards. These tax-withholding dispositions were not open-market sales. After these transactions, Premutico directly held 48,655 shares of Universal Display common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,233 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,789 | $97.03 | $174K |
| Grant/Award | Common Stock | 10,672 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,905 | $97.03 | $573K |
| Grant/Award | Common Stock | 3,447 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,907 | $97.03 | $185K |
| Exercise Price or Tax Liability | Common Stock | 1,436 | $97.03 | $139K |
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 3,233 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 10,672 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 3,447 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 2,596 shares of restricted stock previously granted to the Reporting Person.
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