Richard K. Carnifax - Feb 7, 2024 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Signature
/s/Richard Carnifax by Valerie J. Ballard, pursuant to Limited Power of Attorney dated July 11, 2022
Stock symbol
UEIC
Transactions as of
Feb 7, 2024
Transactions value $
$0
Form type
4
Date filed
2/9/2024, 04:34 PM
Previous filing
May 22, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UEIC Common Stock 3.63K Feb 7, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UEIC Restricted Stock Units Award $0 +14K +109.55% $0.00 26.8K Feb 7, 2024 Common Stock 14K Direct F1, F2
transaction UEIC Performance Stock Units Award $0 +14K $0.00 14K Feb 7, 2024 Common Stock 14K Direct F3, F4
holding UEIC Employee Stock Option (Rt to Buy) 18.5K Feb 7, 2024 Common Stock 0 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F2 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.
F3 Each performance stock unit represents a contingent right to receive one share of UEI stock.
F4 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.
F5 Exercise Price Determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F6 The Exercisable and Expiration Dates were reported at the time the Stock Options were granted.
F7 This figure represents and aggregate number of stock options held by Reporting Person,