BURGER MICHAEL D 4
Research Summary
AI-generated summary
Universal Electronics (UEIC) Director Michael D. Burger Receives Award
What Happened
Michael D. Burger, a director of Universal Electronics Inc. (UEIC), was granted 31,017 restricted stock units (RSUs) on May 26, 2026. The RSUs were awarded as director compensation and reported on a Form 4 filed May 28, 2026. The grant price is shown as $0.00 (no cash purchase); the reported transaction code is A (award/grant).
Key Details
- Transaction date: May 26, 2026; Form 4 filed: May 28, 2026. Filing appears to be timely under Form 4 rules.
- Award: 31,017 restricted stock units; reported price: $0.00; reported aggregate value: $0 (award/compensation, not a market purchase).
- Shares owned after transaction: not specified in the filing.
- Footnote: These RSUs vest on the earlier of (i) May 26, 2027 or (ii) the date of the next annual meeting of stockholders. (Footnote F1)
- Transaction code: A = Award/Grant (not a sale, purchase, or exercise).
Context
This was a compensation grant to a board member (common practice for non-employee directors) rather than an open-market purchase or sale. RSU awards compensate service and typically vest over time; they do not necessarily signal immediate insider buying or selling intentions.