Bryan M. Hackworth - Dec 2, 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
Dec 2, 2022
Transactions value $
-$465,740
Form type
4
Date filed
12/5/2022, 05:48 PM
Previous filing
Nov 14, 2022
Next filing
Feb 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UEIC Common Stock Options Exercise $423K +22K +41.65% $19.25 74.8K Dec 2, 2022 Direct F1
transaction UEIC Common Stock Tax liability -$466K -20.3K -27.18% $22.90 54.5K Dec 2, 2022 Direct F2

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 Employee Stock Option (Rt to Buy) Options Exercise -$423K -22K -14.62% $19.25 128K Dec 2, 2022 Common 22K $19.25 Direct F1
holding UEIC Restricted Stock Units 11.3K Dec 2, 2022 Common Stock 0 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 1,662 shares of common stock on net exercise of options to purchase 22,000 shares of common stock. The Company withheld 20,338 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the high/low average stock price on December 2, 2022 of $22.90, pursuant to the terms of the applicable Stock Incentive Plan.
F3 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F4 The restricted stock units vest in accordance with the vesting schedule of each RSU Grant and were reported at the time the grant(s) were issued.
F5 This figure represents an aggregate number of outstanding restricted stock units held by Reporting Person.