Julia J. Brown - Mar 5, 2022 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 5, 2022
Transactions value $
-$789,246
Form type
4
Date filed
3/8/2022, 03:00 PM
Previous filing
Mar 4, 2022
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLED Common Stock Award $0 +219 +0.34% $0.00 64.3K Mar 5, 2022 Direct F1
transaction OLED Common Stock Tax liability -$14.4K -92 -0.14% $156.07 64.2K Mar 5, 2022 Direct F2
transaction OLED Common Stock Tax liability -$38.5K -247 -0.38% $156.07 63.9K Mar 5, 2022 Direct F3
transaction OLED Common Stock Tax liability -$339K -2.17K -3.4% $156.07 61.8K Mar 6, 2022 Direct F4
transaction OLED Common Stock Tax liability -$398K -2.55K -4.12% $156.07 59.2K Mar 6, 2022 Direct F5
* 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 her 2019 compensation and vested on March 5, 2022 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 16, 2022 as having occurred.
F2 These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2022 of 219 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 5, 2022 of 583 shares of restricted stock previously granted to the reporting person.
F4 These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2022 of 5,120 shares of restricted stock previously granted to the reporting person.
F5 These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2022 of 6,005 shares of restricted stock previously granted to the reporting person.