CHAHIL SATJIV S 4

What Happened

• Satjiv S. Chahil, a director of Universal Electronics Inc. (UEIC), had 18,437 restricted stock units (RSUs) convert into 18,437 shares on 2026-05-19. The Form 4 shows an "exercise/conversion of derivative (M)" resulting in acquisition of 18,437 shares and a corresponding disposition entry at $0.00 (this reflects conversion/settlement of the derivative, not a market sale for cash).

Key Details

• Transaction date: 2026-05-19; Form 4 filed 2026-05-21 (filed two days after the transaction; appears timely under the 2-business-day rule).
• Shares involved: 18,437 RSUs converted to 18,437 common shares.
• Price/Proceeds: Acquisition recorded as N/A; disposition recorded at $0.00 — no cash sale proceeds reported.
• Shares after transaction: Not specified in the provided disclosure.
• Footnotes:
  • F1: Each RSU represents the contingent right to one share of UEI common stock.
  • F2: The shares are held in the Satjiv Chahil Trust; Mr. Chahil disclaims beneficial ownership of trust-held shares.
  • F3: These 18,437 RSUs were granted on July 1, 2025 and vested 100% upon the earlier of one year after grant or immediately prior to the next annual meeting (vesting condition met).

Context

• This was a conversion/settlement of RSUs into common stock (a grant vesting), not an open-market purchase or sale. The $0.00 disposition entry reflects the derivative conversion/settlement mechanics rather than a sale that would generate cash proceeds.
• Vesting and conversions are routine for executives and directors when RSUs reach their vesting date; they do not necessarily signal a change in the director's view of the company.