Universal Display (NASDAQ: OLED) SVP granted stock; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Universal Display Corp. SVP & CLO Mauro Premutico reported equity compensation activity in company stock. On March 7, 2026, he received several stock awards classified as grants or awards of common stock, tied to the company’s Long Term Incentive Plan and 2023 compensation, after performance conditions were certified as achieved.
The same day, the company withheld blocks of shares at $97.03 per share to cover related tax liabilities upon vesting of these and previously granted restricted stock awards. These tax-withholding dispositions were not open-market sales. After these transactions, Premutico directly held 48,655 shares of Universal Display common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Premutico Mauro
Role
SVP & CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,233 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,789 | $97.03 | $174K |
| Grant/Award | Common Stock | 10,672 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,905 | $97.03 | $573K |
| Grant/Award | Common Stock | 3,447 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,907 | $97.03 | $185K |
| Tax Withholding | Common Stock | 1,436 | $97.03 | $139K |
Holdings After Transaction:
Common Stock — 45,573 shares (Direct)
Footnotes (1)
- These shares were granted to the Reporting Person as performance units under the Company's Long Term Incentive Plan as part of 2023 compensation and vested on March 7, 2026 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 17, 2026 as having occurred. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 3,233 shares of restricted stock previously granted to the Reporting Person. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 10,672 shares of restricted stock previously granted to the Reporting Person. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 3,447 shares of restricted stock previously granted to the Reporting Person. These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 2,596 shares of restricted stock previously granted to the Reporting Person.
FAQ
What insider transactions did Universal Display (OLED) report for Mauro Premutico?
Universal Display reported that SVP & CLO Mauro Premutico received multiple common stock grants on March 7, 2026, under the Long Term Incentive Plan. The company also withheld shares the same day to satisfy tax liabilities tied to vesting restricted stock awards.
What type of compensation did Mauro Premutico receive from Universal Display (OLED)?
Mauro Premutico received common stock grants described as performance units under Universal Display’s Long Term Incentive Plan, tied to 2023 compensation. These awards vested on March 7, 2026 after the Human Capital Committee certified that specified performance conditions had been achieved.