Julia J. Brown - Mar 2, 2024 Form 4 Insider Report for UNIVERSAL DISPLAY CORP \PA\ (OLED)

Signature
/s/ Julia J. Brown (by Mauro Premutico as power of attorney)
Stock symbol
OLED
Transactions as of
Mar 2, 2024
Transactions value $
-$525,612
Form type
4
Date filed
3/5/2024, 04:00 PM
Previous filing
Feb 21, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLED Common Stock Tax liability -$323K -1.85K -3.14% $174.68 57.1K Mar 2, 2024 Direct F1
transaction OLED Common Stock Award $0 +3.27K +5.73% $0.00 60.4K Mar 2, 2024 Direct F2
transaction OLED Common Stock Tax liability -$202K -1.16K -1.92% $174.68 59.2K Mar 2, 2024 Direct F3
transaction OLED Common Stock Award $0 +8.11K +13.7% $0.00 67.3K Mar 4, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld to satisfy a tax liability in connection with the vesting on March 2, 2024 of 4,363 shares of restricted stock previously granted to the Reporting Person.
F2 These shares were granted to the Reporting Person as performance units under the Company's Long Term Incentive Plan as part of 2021 compensation and vested on March 2, 2024 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 20, 2024 as having occurred.
F3 These shares were withheld to satisfy a tax liability in connection with the vesting on March 2, 2024 of 3,273 shares of restricted stock previously granted to the Reporting Person.
F4 These units were granted to the Reporting Person under the Company's Long Term Incentive Plan as part of the Reporting Person's 2024 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of March 4, 2025, 2026, and 2027.