BROWN JULIA J 4

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.