David Cheung Hyen Chong - May 23, 2023 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
Executive Vice President -Asia
Signature
/s/David Cheung Hyen Chong by Valerie J. Ballard, pursuant to Limited Power of Attorney dated May 16, 2013 (attached)
Stock symbol
UEIC
Transactions as of
May 23, 2023
Transactions value $
$0
Form type
4
Date filed
5/25/2023, 01:09 PM
Previous filing
Mar 17, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UEIC Common Stock 24.6K May 23, 2023 Direct
holding UEIC Common Stock 5.11K May 23, 2023 See Footnote #1 F1

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 +10K +189.65% $0.00 15.3K May 23, 2023 Common Stock 10K Direct F2, F3
holding UEIC Employee Stock Options (Rt To Buy) 46.2K May 23, 2023 Common Stock 0 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in a tax deferred annuity company of which Mr. Chong owns 100% and as to which Mr. Chong disclaims beneficial ownership.
F2 Restricted Stock Grant was issued out of the discretionary pool authorized and 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 finalized and awarded on May 23, 2023. The shares will vest over 3 years on a ratable annual basis.
F3 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F4 Exercise Price determined in accordance with the terms of the Company's applicable Stock Incentive Plan.
F5 The Exercisable and Expiration Dates were reported at the time the Stock Options were granted.
F6 This figure represents an aggregate number of stock options held by Reporting Person.