Bryan M. Hackworth - Feb 9, 2023 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 9, 2023
Transactions value $
$914,695
Form type
4
Date filed
2/13/2023, 05:20 PM
Previous filing
Dec 5, 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 54.5K 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 +16.2K +142.6% $0.00 27.5K Feb 9, 2023 Common Stock 16.2K Direct F1, F2
transaction UEIC Employee Stock Option (Rt to Buy) Award $915K +36.9K +32.07% $24.77 152K Feb 9, 2023 Common Stock 36.9K $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 09, 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 09, 2023. The Stock Options will vest over a 3-year vesting schedule of 33.33% on February 09, 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.