Richard K. Carnifax - 22 Feb 2024 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
S.V.P. Global Operations
Signature
/s/Richard Carnifax by Valerie J. Ballard, pursuant to Limited Power of Attorney dated July 11, 2022
Issuer symbol
UEIC
Transactions as of
22 Feb 2024
Net transactions value
-$11,025
Form type
4
Filing time
26 Feb 2024, 16:40:17 UTC
Previous filing
13 Feb 2024
Next filing
10 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 +1,934 +38% 6,986 22 Feb 2024 Direct F1
transaction UEIC Common Stock Tax liability $7,707 -911 -13% $8.46 6,075 22 Feb 2024 Direct F2, F3
transaction UEIC Common Stock Options Exercise +836 +14% 6,911 25 Feb 2024 Direct F1
transaction UEIC Common Stock Tax liability $3,317 -394 -5.7% $8.42 6,517 25 Feb 2024 Direct F2, F3

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 -1,934 -8% $0.000000 22,153 22 Feb 2024 Common Stock 1,934 Direct F1, F4
transaction UEIC Restricted Stock Units Options Exercise $0 -836 -3.8% $0.000000 21,317 25 Feb 2024 Common Stock 836 Direct F1, F4
holding UEIC Performance Stock Units 14,001 22 Feb 2024 Common Stock 0 Direct F5, F6, F7
holding UEIC Employee Stock Option (Rt to Buy) 18,465 22 Feb 2024 Common Stock 0 Direct F8, F9, F10
* 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 The restricted stock units vest in accordance with the vesting schedule of each RSU Grant.
F5 Each performance stock unit represents a contingent right to receive one share of UEI common stock.
F6 The performance stock units vest in accordance with the vesting schedule of each PSU Grant.
F7 This figure represents an aggregate number of performance stock units held by Reporting Person
F8 Exercise Price Determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F9 The Exercisable and Expiration Dates were reported at the time the Stock Options were granted.
F10 This figure represents and aggregate number of stock options held by Reporting Person,