Mahon Janice K 4
4 · UNIVERSAL DISPLAY CORP \PA\ · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
OLED SVP Janice Mahon Receives Award; 770 Shares Withheld
What Happened
Janice K. Mahon, Senior VP of Technology Commercialization at Universal Display (OLED), was granted 7,300 long‑term incentive units on Feb 17, 2026 (reported as $0 per share, time‑based restricted units). On Feb 18, 2026, 770 shares were disposed/withheld at $119.92 each (total ~ $92,338) to satisfy tax withholding related to the vesting of 1,998 previously granted restricted shares.
Key Details
- Transaction dates/prices: Grant on 2026-02-17 — 7,300 units at $0.00; tax withholding on 2026-02-18 — 770 shares at $119.92 (≈ $92,338).
- Vesting: The 7,300 units are time‑based under the LTIP, vesting one‑third on each of Feb 17, 2027, 2028 and 2029 (Footnote F1).
- Tax withholding: 770 shares were withheld to cover taxes on the Feb 18, 2026 vesting of 1,998 RSUs previously granted (Footnote F3); disposition code F = tax withholding.
- Other ownership notes: Footnote F2 lists 35, 31, 34 and 36 shares acquired via the ESPP in 2025 (total 136) — included in the reported holdings.
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: Form 4 filed 2026-02-19 for transactions on 2026-02-17/18 — within the typical two‑business‑day filing window (timely).
Context
This is primarily a compensation grant (time‑based restricted units) rather than an open‑market purchase or a discretionary sale. The 770‑share disposition was a routine tax withholding to satisfy withholding obligations on prior RSU vesting, not necessarily a market sale to raise cash. Such grants and routine withholdings are common in executive compensation and do not, by themselves, indicate the insider’s market view.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-17+7,300→ 59,886 total - Tax Payment
Common Stock
[F3]2026-02-18$119.92/sh−770$92,338→ 59,116 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 35, 31, 34 and 36 shares acquired under the Universal Display Corporation Employee Stock Purchase Plan on March 31, 2025, June 30, 2025, September 30, 2025 and December 31, 2025, respectively.
- [F3]These shares were withheld to satisfy a tax liability in connection with the vesting on February 18, 2026 of 1,998 shares of restricted stock previously granted to the Reporting Person.