Universal Electronics (UEIC) Insider Report: 1,167 RSUs Vest, 488 Shares Withheld
Rhea-AI Filing Summary
David Cheung Hyen Chong, EVP Global Sales of Universal Electronics Inc. (UEIC), reported equity-based compensation activity related to restricted stock units, performance stock units and stock options. He received 1,167 restricted stock units (RSUs) that convert to common shares when they vest and 488 shares were withheld to cover taxes at a price of $6.35 per share. Following the reported transactions, the filing shows 37,101 shares held directly and an additional 5,112 shares held in a tax-deferred annuity (disclaimed for beneficial ownership).
The report also discloses aggregate holdings of derivative awards: 10,332 RSUs in total, 53,217 performance stock units (PSUs), and 19,455 stock options, all reported as beneficially owned by the reporting person. The RSUs, PSUs and options vest according to their respective grant schedules and are exercisable or convertible into common stock under the company’s stock incentive plan.
Positive
- 1,167 RSUs acquired (vesting) demonstrates continued use of long-term incentive alignment
- No open-market sales reported, indicating no immediate divestiture by the reporting executive
- Detailed disclosure of direct and indirect holdings (including 5,112 annuity shares) enhances transparency
Negative
- None.
Insights
TL;DR: Insider compensation-based stock vesting increased potential share exposure but reflects routine, plan-driven activity rather than unusual trading.
The Form 4 shows scheduled vesting and tax-withholding tied to equity compensation: 1,167 RSUs vested (with 488 shares withheld at $6.35), plus substantial outstanding long-term awards (53,217 PSUs and 19,455 options). These figures quantify management’s future potential dilution if awards are settled in shares and indicate the executive’s alignment with long-term incentive programs. There is no sale or open-market disposition reported that would suggest diversification behavior; activity appears to be mechanical plan administration.
TL;DR: Disclosure is consistent with standard equity compensation governance and includes proper tax-withholding and beneficial ownership detail.
The filing identifies the reporting person as EVP Global Sales and discloses direct and indirect holdings, including the 5,112 shares in a tax-deferred annuity for which the executive disclaims beneficial ownership. The Form 4 documents withholding to satisfy tax obligations and lists vesting schedules referenced by the awards. From a governance perspective, the report is complete in listing award types (RSUs, PSUs, options) and quantities; it does not indicate policy exceptions or undisclosed related-party transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,167 | $0.00 | -- |
| Exercise | Common Stock | 1,167 | $0.00 | -- |
| Tax Withholding | Common Stock | 488 | $6.35 | $3K |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Employee Stock Option (Rt to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of UEI common stock. This transaction represents a withholding of shares to cover taxes applicable to a vesting of RSUs also reported on this Form 4. Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan. These shares are held in a tax deferred annuity company of which Mr. Chong owns 100% and as to which Mr. Chong disclaims beneficial ownership. The restricted stock units vest in accordance with the vesting schedule of each RSU grant. This figure represents an aggregate number of restricted stock units held by Reporting Person. Each performance stock unit represents a contingent right to receive one share of UEI common stock. The performance stock units vest in accordance with the vesting schedule of each PSU grant. This figure represents an aggregate number of performance stock units held by Reporting Person. Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan. The Exercisable and Expiration Dates were reported at the time the Stock Options were granted. This figure represents an aggregate number of stock options held by Reporting Person.
