PAUL D. ARLING - 09 Feb 2024 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
CEO, Director
Signature
/s/Paul D. Arling, by Richard A. Firehammer, Jr., pursuant to Limited Power of Attorney dated January 22, 2003 (attached)
Issuer symbol
UEIC
Transactions as of
09 Feb 2024
Net transactions value
-$87,675
Form type
4
Filing time
13 Feb 2024, 15:29:55 UTC
Previous filing
09 Feb 2024
Next filing
13 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UEIC Common Stock Options Exercise +18,843 +7.3% 277,787 09 Feb 2024 By Arling Family Trust F1, F2
transaction UEIC Common Stock Tax liability $73,245 -8,502 -3.1% $8.62 269,285 09 Feb 2024 By Arling Family Trust F2, F3, F4
transaction UEIC Common Stock Options Exercise +2,532 +0.94% 271,817 10 Feb 2024 By Arling Family Trust F1, F2
transaction UEIC Common Stock Tax liability $9,123 -1,059 -0.39% $8.62 270,758 10 Feb 2024 By Arling Family Trust F2, F3, F4
transaction UEIC Common Stock Options Exercise +1,472 +0.54% 272,230 11 Feb 2024 By Arling Family Trust F1, F2
transaction UEIC Common Stock Tax liability $5,307 -616 -0.23% $8.62 271,614 11 Feb 2024 By Arling Family Trust F2, F3, F4
holding UEIC Common Stock 11,800 09 Feb 2024 Direct
holding UEIC Common Stock 1,000 09 Feb 2024 By Spouse

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 Options Exercise $0 -18,843 -17% $0.000000 88,836 09 Feb 2024 Common Stock 18,843 Direct F1, F5
transaction UEIC Restricted Stock Units Options Exercise $0 -2,532 -2.9% $0.000000 86,304 10 Feb 2024 Common Stock 2,532 Direct F1, F5
transaction UEIC Restricted Stock Units Options Exercise $0 -1,472 -1.7% $0.000000 84,832 11 Feb 2024 Common Stock 1,472 Direct F1, F5
holding UEIC Performance Stock Units 36,000 09 Feb 2024 Common Stock 0 Direct F6, F7, F8
holding UEIC Employee Stock Option (Rt to Buy) 418,830 09 Feb 2024 Common Stock 0 Direct F9, F10, F11
* 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 These shares are held by the Arling Family Trust. Mr. Arling disclaims beneficial ownership of the shares held by the Trust.
F3 This transaction represents a withholding of shares to cover taxes applicable to a vesting of RSUs also reported on this Form 4.
F4 Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan
F5 The restricted stock units vest in accordance with the vesting schedule of each RSU grant.
F6 Each performance stock unit represents a contingent right to receive one share of UEI common stock.
F7 The performance stock units vest in accordance with the vesting schedule of each PSU grant.
F8 This figure represents an aggregate number of performance stock units held by Reporting Person.
F9 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F10 The Exercisable and Expiration Dates were reported at the time the Stock Options were granted.
F11 This figure represents an aggregate number of stock options held by Reporting Person.