Bryan M. Hackworth - 07 Feb 2024 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Footnote F1

These shares are held in the Hackworth Living Trust. Mr. Hackworth disclaims beneficial ownership of the shares.

Footnote F2

Each restricted stock unit represents a contingent right to receive one share of UEI common stock.

Footnote F3

Restricted Stock Grant was approved by the Compensation Committee of the Board of Directors on January 25, 2024 and ratified and approved by the Board of Directors on February 7, 2024 and granted on February 7, 2024. The shares will vest 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. The shares will be fully vested on the third anniversary of the grant date.

Footnote F4

Each performance stock unit represents a contingent right to receive one share of UEI common stock.

Footnote F5

Performance Stock Grant was approved by the Compensation Committee of the Board of Directors on January 25, 2024 and ratified and approved by the Board of Directors on February 7, 2024, and granted on February 7, 2024. The performance stock unit awards will vest in 3 separate tranches with 3 separate stock price and service conditions. Each tranche will vest only when both the stock price and service conditions have been achieved. The stock price condition for each tranche must be met on or by the third anniversary of the grant (2/7/2027). Any unvested tranche will expire at close of business on 2/7/2027.

Footnote F6

Expiry of Employee Stock Options.

Footnote F7

This figure represents an aggregate number of stock options held by Reporting Person.