Ramzi Ammari - Feb 9, 2023 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
Sr.VP Corp Planning & Strategy
Signature
/s/Ramzi Ammari, by Valerie J. Ballard, pursuant to Limited Power of Attorney dated January 22, 2020
Stock symbol
UEIC
Transactions as of
Feb 9, 2023
Transactions value $
$800,405
Form type
4
Date filed
2/13/2023, 05:16 PM
Previous filing
Nov 14, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UEIC Common Stock 19.7K Feb 9, 2023 Direct

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 +14.1K +136.16% $0.00 24.5K Feb 9, 2023 Common Stock 14.1K Direct F1, F2
transaction UEIC Emp Stock Option (Rt to Buy) Award $800K +32.3K +49.75% $24.77 97.3K Feb 9, 2023 Common Stock 32.3K $24.77 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 January 30, 2023 and ratified and approved by the Board of Directors on February 9, 2023, and granted on February 9, 2023. The Restricted Stock Units will vest over a 3 year vesting schedule of 33.33% on February 9, 2024, 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 January 30, 2023 and ratified and approved by the Board of Directors on February 9, 2023, and granted on February 9, 2023. The Stock Options will vest over a 3-year vesting schedule of 33.33% on February 9, 2024, and 8.33% quarterly thereafter, and will expire on February 9, 2030.
F4 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.