PAUL D. ARLING - 09 Feb 2023 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
CEO, Director
Signature
/s/Paul D. Arling, by Richard A. Firehammer, Jr., pursuant to Limited Power of Attorney dated January 22, 2003 (attached)
Issuer symbol
UEIC
Transactions as of
09 Feb 2023
Net transactions value
+$3,201,372
Form type
4
Filing time
13 Feb 2023, 17:19:05 UTC
Previous filing
05 Dec 2022
Next filing
14 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UEIC Common Stock 1,800 09 Feb 2023 Direct
holding UEIC Common Stock 244,305 09 Feb 2023 See Footnote #1 F1
holding UEIC Common Stock 1,000 09 Feb 2023 By Spouse

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 +56,530 +139% $0.000000 97,188 09 Feb 2023 Common Stock 56,530 Direct F2, F3
transaction UEIC Emp Stock Option (Rt. to Buy) Award $3,201,372 +129,270 +39% $24.76 457,075 09 Feb 2023 Common Stock 129,270 $24.76 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by the Arling Family Trust. Mr. Arling disclaims beneficial ownership of the shares held by the Trust.
F2 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.
F3 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F4 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.
F5 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.