David Cheung Hyen Chong - 22 Feb 2024 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
EVP Global Sales
Signature
/s/David Cheung Hyen Chong by Valerie J. Ballard, pursuant to Limited Power of Attorney dated May 16, 2013 (attached)
Issuer symbol
UEIC
Transactions as of
22 Feb 2024
Net transactions value
-$12,443
Form type
4
Filing time
26 Feb 2024, 16:39:56 UTC
Previous filing
09 Feb 2024
Next filing
24 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 +2,149 +8.1% 28,783 22 Feb 2024 Direct F1
transaction UEIC Common Stock Tax liability $8,570 -1,013 -3.5% $8.46 27,770 22 Feb 2024 Direct F2, F3
transaction UEIC Common Stock Options Exercise +976 +3.5% 28,746 25 Feb 2024 Direct F1
transaction UEIC Common Stock Tax liability $3,873 -460 -1.6% $8.42 28,286 25 Feb 2024 Direct F2, F3
holding UEIC Common Stock 5,112 22 Feb 2024 Shares Held by Tax Deferred Annuity F4

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 -2,149 -7.3% $0.000000 27,127 22 Feb 2024 Common Stock 2,149 Direct F1, F5
transaction UEIC Restricted Stock Units Options Exercise $0 -976 -3.6% $0.000000 26,151 25 Feb 2024 Common Stock 976 Direct F1, F5
holding UEIC Performance Stock Units 14,001 22 Feb 2024 Common Stock 14,001 Direct F6, F7, F8
holding UEIC Employee Stock Option (Rt to Buy) 33,480 22 Feb 2024 Common Stock 33,480 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 This transaction represents a withholding of shares to cover taxes applicable to a vesting of RSUs also reported on this Form 4.
F3 Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F4 These shares are held in a tax deferred annuity company of which Mr. Chong owns 100% and as to which Mr. Chong disclaims beneficial ownership.
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.