Universal Electronics (UEIC) COO Joseph Haughawout Receives Award

What Happened

• Joseph Lee Haughawout, COO of Universal Electronics Inc. (UEIC), received equity awards on August 31, 2026. The filing shows a grant of 15,000 restricted stock units (RSUs) and two derivative awards of 60,000 each (120,000 performance stock units/PSUs) — a total of up to 135,000 contingent shares. All awards were granted at $0.00 (i.e., no cash paid at grant); the PSUs are performance-based and contingent on meeting market and service conditions.

Key Details

• Transaction date and price: Aug 31, 2026, Grant/Award (code A), $0.00 per share.
• Award breakdown: 15,000 RSUs (time-based); 120,000 PSUs (performance/derivative; 60,000 + 60,000).
• Shares reported owned after transaction: 50,315 (this total includes the 15,000 new RSUs, 10,166 previously reported RSUs, and 25,149 shares of common stock).
• Vesting/conditions:
  • RSUs: vest 1/3 on each of the first three anniversaries of the grant date, subject to continued service (Footnote F1).
  • PSUs: vest in three tranches only if both stock-price market and service conditions are met; market condition must be satisfied on or by Aug 31, 2031, otherwise unvested tranches expire (Footnotes F3–F4).
• Filing timeliness: Form 4 filed Sept 2, 2026 reporting Aug 31 grant — appears to be filed within the standard 2-business-day window.

Context

• These awards are grants of contingent equity (RSUs and performance units), not open-market purchases or sales. No cash changed hands at grant; value will depend on UEIC’s share price and achievement of service/performance conditions.
• Performance units are derivative awards that only convert to shares if performance goals are met by the specified deadline; they therefore represent potential future dilution rather than current ownership.