Julia J. Brown - Mar 7, 2024 Form 4 Insider Report for UNIVERSAL DISPLAY CORP \PA\ (OLED)

Role
EVP & Chief Technical Officer
Signature
/s/ Julia J. Brown (by Mauro Premutico as power of attorney)
Stock symbol
OLED
Transactions as of
Mar 7, 2024
Transactions value $
-$366,900
Form type
4
Date filed
3/11/2024, 04:00 PM
Previous filing
Mar 5, 2024
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLED Common Stock Award $0 +1.64K +2.43% $0.00 69K Mar 7, 2024 Direct F1
transaction OLED Common Stock Tax liability -$120K -693 -1% $172.74 68.3K Mar 7, 2024 Direct F2
transaction OLED Common Stock Tax liability -$247K -1.43K -2.1% $172.74 66.9K Mar 7, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on March 7, 2024 as having occurred.
F2 These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2024 of 1,636 shares of restricted stock previously granted to the Reporting Person.
F3 These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2024 of 3,375 shares of restricted stock previously granted to the Reporting Person.