Universal Electronics awards COO 15K RSUs
UEIC’s chief operating officer received new time-based RSUs and performance stock units that may vest over several years, with market and service conditions extending through 2031.
Rhea-AI Filing Summary
UNIVERSAL ELECTRONICS INC (symbol: UEIC) is the issuer of record for a Form 4 filing submitted to the SEC. Haughawout Joseph Lee reported acquisition or exercise transactions in this Form 4 filing.
UNIVERSAL ELECTRONICS INC (UEIC) reported equity awards to Chief Operating Officer Joseph Lee Haughawout on August 31, 2026. He received 15,000 restricted stock units, each representing one share of common stock, with one-third vesting on each of the first three anniversaries of the grant date, subject to continued service. Following this award, his directly held equity position totals 50,315 shares/units, including prior RSUs and common stock. He was also granted two separate awards of 60,000 performance stock units each, which vest in three tranches only if both stock price market and service conditions are satisfied; any unvested tranches expire on August 31, 2031. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 135,000 shares
Grant/Award
3 txns
Insider
Haughawout Joseph Lee
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F3, F4 | 60,000 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units F3, F4 | 60,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 15,000 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Units — 120,000 contracts (Direct);
Common Stock — 50,315 shares (Direct)
Footnotes (4)
- F1. Grant of restricted stock units ("RSUs") granted on August 31, 2026, each of which represents a contingent right to receive one share of the Issuer's common stock, with 1/3 of the RSUs vesting on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
- F2. Includes prior awards of RSUs previously reported in Table II of Form 3. The total reported in column 5 includes the 15,000 newly awarded RSUs, 10,166 RSUs previously reported in Table II, and 25,149 shares of common stock.
- F3. Each performance stock unit represents a contingent right to receive one share of UEI common stock.
- F4. The performance stock unit award was approved by the Compensation Committee of the Board of Directors on August 31, 2026 with a grant date of August 31, 2026. The performance stock unit award will vest in three tranches with one stock market condition and three service conditions. Each tranche will vest only when both the stock price market and service conditions have been achieved. The stock price market condition must be met on or by the fifth anniversary of the grant date (August 31, 2031). Any unvested tranche will expire at close of business on August 31, 2031.
Key Figures
RSUs granted: 15,000 units
Post-grant direct holdings: 50,315 shares/units
Previously reported RSUs: 10,166 units
+4 more
7 metrics
RSUs granted
15,000 units
Restricted stock units granted to the COO on August 31, 2026
Post-grant direct holdings
50,315 shares/units
Total direct equity position after RSU grant, including stock and RSUs
Previously reported RSUs
10,166 units
Prior RSU awards previously reported in Table II of Form 3
Common stock held
25,149 shares
Shares of UEIC common stock held directly by the COO
Performance stock units award 1
60,000 units
First performance stock unit award granted August 31, 2026
Performance stock units award 2
60,000 units
Second performance stock unit award granted August 31, 2026
Performance award expiration
August 31, 2031
Any unvested performance stock unit tranche expires at close of business on this date
Key Terms
restricted stock units ("RSUs"), performance stock unit, stock price market condition, service conditions, +1 more
5 terms
restricted stock units ("RSUs") financial
"Grant of restricted stock units ("RSUs") granted on August 31, 2026"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance stock unit financial
"Each performance stock unit represents a contingent right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
stock price market condition financial
"will vest in three tranches with one stock market condition and three service conditions"
service conditions financial
"will vest in three tranches with one stock market condition and three service conditions"
Compensation Committee regulatory
"award was approved by the Compensation Committee of the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What equity awards did UEIC grant to its COO on August 31, 2026?
On August 31, 2026, the COO received 15,000 restricted stock units that vest in three equal annual installments and two separate awards of 60,000 performance stock units each, all tied to specified stock price market and service conditions.
What are the vesting terms of the 15,000 UEIC RSUs granted to the COO?
The 15,000 RSUs each represent a contingent right to one UEIC share. One-third of the RSUs vest on each of the first three anniversaries of the August 31, 2026 grant date, subject to the COO’s continued service through each vesting date.
How do the UEIC performance stock units for the COO vest and when do they expire?
Each performance stock unit represents a right to one UEIC share and will vest in three tranches only when both stock price market and service conditions are met. The stock price condition must be achieved by August 31, 2031, when any unvested tranches expire.
Were the UEIC performance stock unit awards approved by a board committee?
Yes. The performance stock unit awards were approved by the Compensation Committee of the Board of Directors on August 31, 2026, with the same date as the grant date.
Is a Rule 10b5-1 trading plan involved in these UEIC insider awards?
No. The filing indicates the Rule 10b5-1 checkbox is not selected, so no Rule 10b5-1 trading plan is reported in connection with these equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
