Universal Electronics (UEIC) executive RSU vesting and tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Electronics executive Ramzi Ammari, Sr. VP Corporate Planning & Strategy, reported routine equity compensation activity in company stock. On May 7, 2026, he exercised 2,000 restricted stock units (RSUs), receiving the same number of common shares at a stated price of $0.00 per share.
On May 8, 2026, Ammari sold 619 common shares at $4.26 per share. A footnote states these shares were sold solely to cover applicable taxes and fees from RSU vesting under a sell-to-cover transaction, and do not represent a discretionary sale. After these transactions, he directly holds 39,029.43 common shares and an aggregate of 6,000 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 619 shares ($2,637)
Net Sell
3 txns
Insider
Ammari Ramzi
Role
Sr.VP Corp Planning & Strategy
Sold
619 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 619 | $4.26 | $3K |
| Exercise | Restricted Stock Units | 2,000 | $0.00 | -- |
| Exercise | Common Stock | 2,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 39,029.43 shares (Direct, null);
Restricted Stock Units — 6,000 shares (Direct, null)
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 24,000 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.
Key Figures
RSUs exercised: 2,000 shares
Shares sold for taxes: 619 shares at $4.26
Common shares held after: 39,029.43 shares
+2 more
5 metrics
RSUs exercised
2,000 shares
Restricted stock units converted to common stock on May 7, 2026
Shares sold for taxes
619 shares at $4.26
Sell-to-cover transaction on May 8, 2026
Common shares held after
39,029.43 shares
Direct ownership after reported transactions
RSUs held after
6,000 RSUs
Aggregate restricted stock units remaining after exercise
Original RSU grant
24,000 RSUs
Grant dated February 7, 2024, vesting over 3 years
Key Terms
restricted stock unit ("RSU"), sell-to-cover transaction, derivative security, open-market sale, +1 more
5 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
sell-to-cover transaction financial
"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"
A sell-to-cover transaction is when a person granted company stock (for example as part of compensation or option exercise) immediately sells enough of those shares to pay required taxes or exercise costs and keeps the rest. Think of it like cashing part of a bonus to cover the tax bill; it provides necessary cash without the holder needing outside funds. Investors watch these sales because they increase trading volume and slightly reduce insider holdings, but they often reflect routine tax or cost management rather than a judgment on the company’s prospects.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
contingent right financial
"represents a contingent right to receive one share of UEI common stock"
FAQ
What insider transactions did UEIC executive Ramzi Ammari report on this Form 4?
Ramzi Ammari reported exercising 2,000 restricted stock units into common shares on May 7, 2026, then selling 619 common shares on May 8, 2026, in a tax-related sell-to-cover transaction linked to the RSU vesting.
What RSU grant and vesting schedule does the UEIC Form 4 disclose for Ramzi Ammari?
The filing notes a grant of 24,000 restricted stock units on February 7, 2024. These RSUs vest over three years, with 33.33% vesting on the first anniversary and 8.33% vesting on each quarterly anniversary thereafter, subject to the grant’s terms.
How many RSUs does the Universal Electronics (UEIC) executive still hold after the reported transactions?
After the exercise of 2,000 RSUs, the Form 4 shows Ramzi Ammari holding an aggregate of 6,000 restricted stock units. Each RSU represents a contingent right to receive one share of Universal Electronics common stock, according to the filing’s footnotes.