SVP & CLO Premutico Mauro covered exercise/tax liability with 9,118 shares and was granted 21,422 shares, increasing direct ownership by 43% to 41,118 units (SEC Form 4)
$OLED
Electrical Products
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL DISPLAY CORP \PA\ [ OLED ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 02/16/2025 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/16/2025 | F | 1,375(1) | D | $142.5 | 27,439(2) | D | |||
| Common Stock | 02/18/2025 | A | 3,969(3) | A | $0 | 31,408 | D | |||
| Common Stock | 02/18/2025 | F | 2,198(4) | D | $145.02 | 29,210 | D | |||
| Common Stock | 02/18/2025 | A | 10,013(3) | A | $0 | 39,223 | D | |||
| Common Stock | 02/18/2025 | F | 5,545(5) | D | $145.02 | 33,678 | D | |||
| Common Stock | 02/18/2025 | A | 7,440(6) | A | $0 | 41,118 | D | |||
|
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. These shares were withheld to satisfy a tax liability in connection with the vesting on February 16, 2025 of 2,427 shares of restricted stock previously granted to the Reporting Person. |
| 2. Includes 59 and 12 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on June 28, 2024 and September 30, 2024, respectively. |
| 3. These shares were granted to the Reporting Person as performance units under the Company's Long Term Incentive Plan as part of 2022 compensation and vested subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 18, 2025 as having occurred. |
| 4. These shares were withheld to satisfy a tax liability in connection with the vesting on February 18, 2025 of 3,969 shares of restricted stock previously granted to the Reporting Person. |
| 5. These shares were withheld to satisfy a tax liability in connection with the vesting on February 18, 2025 of 10,013 shares of restricted stock previously granted to the Reporting Person. |
| 6. These units were granted to the Reporting Person under the Company's Long Term Incentive Plan as part of the Reporting Person's 2025 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of February 18, 2026, 2027 and 2028. |
| /s/ Mauro Premutico | 02/20/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||