UEIC (UEIC) CFO granted 100,000 performance stock units tied to 2030 goals
Rhea-AI Filing Summary
Jenke Wade Michael reported acquisition or exercise transactions in this Form 4 filing.
UNIVERSAL ELECTRONICS INC Chief Financial Officer Wade Michael Jenke reported an award of 100,000 Performance Stock Units, each tied to one share of common stock. The Board approved the grant on May 21, 2026 with a grant date of May 26, 2026.
The units vest in three tranches based on both a stock price market condition and three service conditions. Each tranche vests only when both conditions are satisfied, and the stock price market condition must be achieved on or by December 30, 2030. Any tranche still unvested at that date will expire.
Positive
- None.
Negative
- None.
Insights
CFO received 100,000 performance units with multi-year vesting hurdles.
The CFO of UNIVERSAL ELECTRONICS INC was granted 100,000 Performance Stock Units, each representing a contingent right to one share of common stock. This is compensation-related, not an open-market transaction, so it carries limited signal about short-term sentiment.
Vesting depends on both stock price and service conditions, with all tranches expiring if unmet by December 30, 2030. This structure links potential equity value to long-term performance and tenure, but the actual economic impact will depend on future share price and whether the conditions are ultimately satisfied.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 100,000 | $0.00 | -- |
Footnotes (1)
- Each performance stock unit represents a contingent right to receive one share of UEI common stock. The performance stock unit award was approved by the Board of Directors on May 21, 2026 with a grant date of May 26, 2026. The performance stock unit award will vest in three tranches with one stock price 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 December 30, 2030. Any unvested tranche will expire at the close of business on December 30, 2030.