BROWN JULIA J 4
4 · UNIVERSAL DISPLAY CORP \PA\ · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Universal Display (OLED) EVP/CTO Julia Brown Receives Award; Shares Withheld
What Happened
- Julia J. Brown, EVP & Chief Technical Officer of Universal Display (OLED), was granted 11,779 restricted stock units on 2026-02-17 at $0.00 per share as part of her 2026 long‑term incentive award.
- Separately, on 2026-02-18 a total of 914 shares were withheld (reported as a disposition) to satisfy $109,607 in tax liabilities related to the vesting on February 18, 2026 of 3,224 previously granted restricted shares. The grant is a compensation award (not an open‑market purchase or sale).
Key Details
- Dates and prices: Grant on 2026-02-17 of 11,779 units at $0.00; tax withholding on 2026-02-18 of 914 shares at $119.92 for total ~$109,607.
- Vesting: The 11,779 units are time‑based — one‑third vests each Feb 17 in 2027, 2028 and 2029 (footnote F1).
- Tax withholding: The 914 shares were withheld to cover taxes on the vesting of 3,224 restricted shares (footnote F3), not an open‑market sale by the insider.
- Other holdings: Filing notes include small purchases under the ESPP in 2025 (164 and 7 shares; footnote F2). The Form 4 provided does not state total shares owned after these transactions.
- Timeliness: The report was filed on 2026-02-19 for transactions on 2026-02-17/18 (no late filing flag noted).
Context
- This filing primarily records a compensation award (common for executives) and routine tax withholding upon vesting. Awards and withholdings are standard executive compensation mechanics and do not by themselves indicate a buy or sell decision in the open market.
Insider Transaction Report
Form 4
BROWN JULIA J
EVP & Chief Technical Officer
Transactions
- Award
Common Stock
[F1][F2]2026-02-17+11,779→ 85,811 total - Tax Payment
Common Stock
[F3]2026-02-18$119.92/sh−914$109,607→ 84,897 total
Footnotes (3)
- [F1]These units were granted to the Reporting Person under the Company's Long Term Incentive Plan as part of the Reporting Person's 2026 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of February 17, 2027, 2028 and 2029.
- [F2]Includes 164 and 7 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on March 31, 2025 and June 30, 2025, respectively.
- [F3]These shares were withheld to satisfy a tax liability in connection with the vesting on February 18, 2026 of 3,224 shares of restricted stock previously granted to the Reporting Person.
Signature
/s/ Julia J. Brown (by Mauro Premutico as power of attorney)|2026-02-19