BURGER MICHAEL D 4

What Happened

• Michael D. Burger, a director of Universal Electronics Inc. (UEIC), reported an exercise/conversion of 18,437 derivative units on 2026-05-19. The Form 4 shows an "acquired" conversion of 18,437 shares and a simultaneous "disposed" entry for 18,437 shares at $0.00. No sale proceeds or per-share price are reported, so no cash value is shown in the filing.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (timely filing).
• Reported actions: two entries coded M (exercise/conversion of derivative) — 18,437 shares acquired (N/A price) and 18,437 shares disposed at $0.00 (derivative).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — each restricted stock unit (RSU) converts to one share of UEI common stock. F2 — the 18,437 RSUs were granted on July 1, 2025 and vested per the grant terms (100% vesting upon the earlier of one year after grant or immediately before the next annual meeting).
• No indication in the filing of an open-market sale or proceeds; disposition at $0.00 suggests internal conversion/transfer (e.g., for withholding or administrative purposes), but the Form 4 does not state the reason.

Context

• This filing documents conversion/vesting activity for RSUs rather than a cash sale or new purchase; such conversions often reflect routine vesting or administrative steps and do not necessarily signal a change in insider sentiment.
• Because no cash sale or market price is reported, there’s no direct dollar value for retail investors to infer from this Form 4 alone.