Millard Brian 4

What Happened

• Brian Millard, VP and CFO of Universal Display (OLED), was granted 6,154 restricted units under the company's Long Term Incentive Plan on 2026-02-17 (reported on Form 4). The units have a $0 per-share purchase price (award).
• On 2026-02-18, 700 shares were withheld/disposed at $119.92 per share (total value reported $83,944) to satisfy tax withholding tied to the vesting of 1,531 restricted shares that vested that day.

Key Details

• Transaction types: A = Award/Grant (6,154 units on 2026-02-17); F = Tax withholding (700 shares disposed on 2026-02-18 at $119.92).
• Vesting schedule for the new 6,154 units: time-based, with one-third vesting each Feb 17 in 2027, 2028 and 2029 (footnote F1).
• The 700-share disposition was a withholding to cover taxes on the vesting of earlier restricted stock (1,531 shares), not an open-market sale (footnote F2).
• Filing was submitted 2026-02-19 for transactions on 2026-02-17 and 2026-02-18 — appears timely (no late filing indicated).
• Shares owned after these transactions are not specified in the provided excerpt of the filing.

Context

• The 6,154 units are restricted awards (not an outright buy); they will only convert to shares as they vest over the next three years, so this award is a retention/compensation event rather than an immediate market purchase.
• The 700-share withholding is a routine tax-related disposition and should not be interpreted as a voluntary sale signaling sentiment.