Universal Display CFO gets stock grant, tax shares withheld

Universal Display VP/CFO Brian Millard reported equity compensation changes.

Accepted by SEC EDGAR 02/19/2026 - 04:00 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Universal Display VP/CFO Brian Millard reported equity compensation changes. He received 6,154 shares of common stock as a grant under the company’s Long Term Incentive Plan for his 2026 compensation. The filing also shows 700 shares withheld to cover taxes upon vesting of 1,531 previously granted restricted shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Millard Brian

Role VP/CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	700	$119.92	$84K
Grant/Award	Common Stock	6,154	$0.00	$0.00

Holdings After Transaction: Common Stock — 18,454 shares (Direct)

Footnotes (2)

1. F1. These units were granted to the Reporting Person under the Company's Long Term Incentive Plan as part of the Reporting Person's 2026 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of February 17, 2027, 2028 and 2029.
2. F2. These shares were withheld to satisfy a tax liability in connection with the vesting on February 18, 2026 of 1,531 shares of restricted stock previously granted to the Reporting Person.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Universal Display (OLED) report for Brian Millard?

Universal Display VP/CFO Brian Millard reported a grant of 6,154 common shares and a separate withholding of 700 shares for taxes. Both are equity-related compensation events rather than open-market trading, reflecting routine updates to his stock-based pay and tax obligations.

Was the Universal Display (OLED) Form 4 for Brian Millard a stock purchase or sale?

The Form 4 for Brian Millard does not show an open-market purchase or sale. It records a 6,154-share grant at no cost and a 700-share tax-withholding disposition tied to vesting of restricted stock previously awarded as part of his compensation.

What equity award did Universal Display (OLED) grant to Brian Millard in 2026?

Universal Display granted Brian Millard 6,154 common stock units under its Long Term Incentive Plan as part of his 2026 compensation. One-third of these units vest on each of February 17, 2027, 2028 and 2029, subject to the disclosed time-based restrictions.

Why were 700 Universal Display (OLED) shares withheld from Brian Millard?

The filing states 700 shares were withheld to satisfy Brian Millard’s tax liability. This withholding was connected to the vesting on February 18, 2026 of 1,531 restricted shares that had been previously granted to him as part of his stock-based compensation package.

How many Universal Display (OLED) shares does Brian Millard hold after these transactions?

After the reported transactions, Brian Millard directly holds 18,454 shares of Universal Display common stock. This reflects both the 6,154-share grant he received and the 700-share tax-withholding disposition associated with vesting of earlier restricted stock awards.

How do Brian Millard’s new Universal Display (OLED) awards vest over time?

The 6,154 units granted to Brian Millard vest in three equal installments. One-third of the total vests on each of February 17, 2027, 2028 and 2029, subject to time-based restrictions under the company’s Long Term Incentive Plan for his 2026 compensation.

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

Form 4 Insider Transactions: What Each Field Means →

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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 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)
02/17/2026

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	02/17/2026		A		6,154(1)	A	$0	19,154	D
Common Stock	02/18/2026		F		700(2)	D	$119.92	18,454	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 units were granted to the Reporting Person under the Company's Long Term Incentive Plan as part of the Reporting Person's 2026 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of February 17, 2027, 2028 and 2029.

2. These shares were withheld to satisfy a tax liability in connection with the vesting on February 18, 2026 of 1,531 shares of restricted stock previously granted to the Reporting Person.

	/s/ Brian Millard (by Mauro Premutico as power of attorney)	02/19/2026
	** 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.
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