UEIC (UEIC) interim CEO sells shares to cover taxes after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Electronics COO and Interim CEO Richard Carnifax reported equity transactions linked to vested restricted stock units (RSUs). On February 7, 2026, 1,167 RSUs converted into common stock, and on February 9, 2026, another 672 RSUs converted, increasing his directly held common shares.
On February 13, 2026, he sold 347 and 200 common shares at $4.09 per share. According to the footnotes, these sales were made solely to cover taxes and fees from RSU vesting under a sell-to-cover arrangement and were not discretionary sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 547 shares ($2,237)
Net Sell
6 txns
Insider
Carnifax Richard K
Role
COO and Interim CEO
Sold
547 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 347 | $4.09 | $1K |
| Sale | Common Stock | 200 | $4.09 | $818.00 |
| Exercise | Restricted Stock Units | 672 | $0.00 | -- |
| Exercise | Common Stock | 672 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,167 | $0.00 | -- |
| Exercise | Common Stock | 1,167 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,517 shares (Direct);
Restricted Stock Units — 4,664 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of UEI common stock. Represents shares sold solely to cover applicable taxes and fees in connection with the vesting of RSUs. This sale was effected pursuant to a sell-to-cover transaction and does not represent a discretionary sale by the Reporting Person. On February 7, 2024, the Reporting Person was granted 14,000 RSUs, vesting over 3 years with 33.33% vesting on the first anniversary of the grant date and 8.33% vesting on each quarterly anniversary of the grant date thereafter. This figure represents an aggregate number of RSUs held by the Reporting Person. On February 9, 2023, the Reporting Person was granted 8,075 RSUs, vesting over a 3 year schedule of 33.33% on February 9, 2024, and 8.33% quarterly thereafter.
FAQ
What insider transactions did UEIC COO and Interim CEO Richard Carnifax report?
Richard Carnifax reported RSU vesting and related share sales. RSUs converting on February 7 and 9, 2026 became common stock, and on February 13, 2026, he sold 347 and 200 shares at $4.09 each to cover taxes and fees from the vesting.
How many UEIC restricted stock units vested for Richard Carnifax in February 2026?
Two RSU tranches vested and converted into common stock. On February 7, 2026, 1,167 RSUs vested, and on February 9, 2026, an additional 672 RSUs vested, reflecting scheduled installments from earlier RSU grants made in 2023 and 2024.
What RSU grants underlie Richard Carnifax’s February 2026 UEIC transactions?
The vesting relates to prior RSU grants. One grant of 14,000 RSUs dated February 7, 2024 vests 33.33% after one year, then 8.33% quarterly. Another grant of 8,075 RSUs dated February 9, 2023 follows a similar 3-year schedule with quarterly vesting installments.
How many UEIC restricted stock units does Richard Carnifax hold after these transactions?
After the February 7, 2026 conversion, he held 5,336 RSUs. Following the February 9, 2026 conversion, he held 4,664 RSUs. The filing notes this figure represents the aggregate number of RSUs still held, separate from his directly owned common stock.
What is Richard Carnifax’s role at Universal Electronics (UEIC) in this Form 4?
Richard Carnifax is identified as an officer of Universal Electronics, serving as COO and Interim CEO. The Form 4 reflects his beneficial ownership changes in UEIC equity, including RSU vesting, resulting common shares, and associated sell-to-cover transactions for tax withholding.