Premutico Mauro 4

What Happened

• Mauro Premutico, SVP & CLO of Universal Display (OLED), received a grant of 9,062 restricted units under the company’s 2026 Long Term Incentive Plan on 2026-02-17 (reported on Form 4). These units were granted at $0.00 and are time‑based restricted stock units (RSUs).
• On 2026-02-18, 1,412 shares were disposed/withheld at $119.92 each to satisfy a tax liability, producing proceeds/value of $169,327. The withholding related to the vesting on 2026-02-18 of 2,480 previously granted restricted shares.

Key Details

• Grant: 9,062 units on 2026-02-17 (award; code A); grant value shown as $0.00 per unit (restricted, not immediately liquid).
• Tax withholding/disposition: 1,412 shares on 2026-02-18 at $119.92 per share; total ≈ $169,327 (code F).
• Shares owned after the transactions: not disclosed in the excerpted filing.
• Footnotes: F1 — 9,062 units are time‑based RSUs under the 2026 LTIP, vesting one‑third on each Feb 17 in 2027, 2028 and 2029. F2 — includes 16 shares acquired under the ESPP on 2025-09-30. F3 — the 1,412 shares were withheld to cover taxes on the vesting of 2,480 previously granted RSUs on Feb 18, 2026.
• Filing status/timeliness: Report filed 2026-02-19 for transactions on 2026-02-17/18; no late‑filing flag indicated in the provided data.

Context

• The 9,062-unit grant is a restricted award that vests over three years and is a compensation action (not an open‑market buy). Such awards are common executive compensation and not an immediate bullish purchase signal.
• The 1,412‑share disposition was a routine tax withholding to satisfy taxes on vested RSUs (a common administrative sale), rather than a voluntary open‑market sale of shares for investment purposes.