Universal Electronics (UEIC) Form 4: RSU Vestings, PSUs and Options Disclosed
Rhea-AI Filing Summary
Bryan M. Hackworth, SVP and CFO of Universal Electronics Inc. (UEIC), filed a Form 4 reporting equity activity tied to compensation on 08/07/2025 and 08/09/2025. The form shows vesting-related acquisitions of 2,334 and 1,346 restricted stock units (RSUs) and withholding dispositions of 1,233 and 711 shares to cover taxes at prices of $6.35 and $5.41. The filing lists changing indirect beneficial ownership figures of 71,105, 69,872, 71,218 and 70,507 shares held via the Hackworth Living Trust.
The report also discloses aggregate equity awards and holdings: 18,036 RSUs, 116,235 performance stock units (PSUs), and 115,760 stock options, all reported as direct holdings, and a listed disposition of 11,200 common shares that appears without additional context. The filing includes a disclaimer that certain shares are held in the Hackworth Living Trust and that Mr. Hackworth disclaims beneficial ownership of those trust-held shares.
Positive
- 3,680 RSUs vested across 08/07/2025 and 08/09/2025 (2,334 and 1,346), showing routine compensation vesting
- Significant long-term equity awards disclosed: 116,235 PSUs and 115,760 stock options
- Indirect beneficial ownership reported via Hackworth Living Trust with figures listed after each transaction (e.g., 70,507 shares)
Negative
- Tax-withholding dispositions reduced delivered shares: 1,233 and 711 shares withheld at $6.35 and $5.41 respectively
- Disposition of 11,200 shares is listed without date, price or explanatory context on the form
- Trust-held shares disclaimer means reporting person disclaims beneficial ownership for certain reported shares, reducing direct ownership clarity
Insights
RSU vestings and tax-withholding sales are routine; large equity awards suggest long-term alignment but minimal immediate trading impact.
The Form 4 documents compensation-driven equity events on 08/07/2025 and 08/09/2025: 3,680 RSUs vested in total (2,334 and 1,346) with tax withholding dispositions of 1,233 and 711 shares at $6.35 and $5.41. Material long-term holdings include 116,235 PSUs and 115,760 options, indicating meaningful equity exposure from compensation plans. These items are typical corporate compensation mechanics and do not, by themselves, signal a change in company fundamentals; impact is assessed as neutral for investors.
Disclosure shows standard executive equity vesting and trust-held shares; an unexplained 11,200-share disposition warrants attention for completeness.
The filing appropriately reports RSU vesting events and associated tax-withholding share dispositions and specifies that certain shares are held indirectly in the Hackworth Living Trust, with a disclaimer of beneficial ownership. The presence of an entry showing a 11,200 share disposition without supporting date/price/context is notable from a disclosure completeness perspective and may merit clarification in subsequent filings or amendments. Overall governance disclosure appears routine but should fully document any standalone disposals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,346 | $0.00 | -- |
| Exercise | Common Stock | 1,346 | $0.00 | -- |
| Tax Withholding | Common Stock | 711 | $5.41 | $4K |
| Exercise | Restricted Stock Units | 2,334 | $0.00 | -- |
| Exercise | Common Stock | 2,334 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,233 | $6.35 | $8K |
| 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. These shares are held in the Hackworth Living Trust. Mr. Hackworth disclaims beneficial ownership of the shares. 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. 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.
