Mahon Janice K 4

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.