Bryan M. Hackworth - Feb 10, 2022 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
SVP and CFO
Signature
/s/Bryan M. Hackworth, by Richard A. Firehammer, Jr., pursuant to Limited Power of Attorney dated August 5, 2006 (attached)
Stock symbol
UEIC
Transactions as of
Feb 10, 2022
Transactions value $
$697,147
Form type
4
Date filed
2/11/2022, 03:12 PM
Previous filing
Nov 15, 2021
Next filing
Feb 15, 2022

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 Award $0 +8.68K +100% $0.00 17.4K Feb 10, 2022 Common Stock 8.68K Direct F1, F2
transaction UEIC Employee Stock Option (Rt to Buy) Award $697K +20.2K +14.37% $34.56 161K Feb 10, 2022 Common Stock 20.2K $34.56 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Grant was approved by the Compensation Committee of the Board of Directors on December 30,2021 and ratified and approved by the Board of Directors on February 10, 2022, and granted on February 10, 2022. The Restricted Stock Units will vest over a 3 year vesting schedule of 33.33% on February 10, 2023, and 8.33% quarterly thereafter.
F2 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F3 Stock Option Grant was approved by the Compensation Committee of the Board of Directors on December 30, 2021 and ratified and approved by the Board of Directors on February 10, 2022, and granted on February 10, 2022. The Stock Options will vest over a 3-year vesting schedule of 33.33% on February 10, 2023, and 8.33% quarterly thereafter, and will expire on February 10, 2029.
F4 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.