Millard Brian 4

What Happened

Brian Millard, Vice President and CFO of Universal Display Corp (OLED), had 544 shares withheld to satisfy tax withholding related to the vesting of 1,283 restricted stock units (RSUs). The withheld shares were valued at $101.52 each, totaling $55,227. After withholding, 739 vested shares were delivered to Mr. Millard (1,283 vested − 544 withheld).

Key Details

• Transaction date: March 4, 2026
• Filing date: March 6, 2026 (Form 4 accession 0001193125-26-096446) — filing appears timely
• Withheld shares: 544 at $101.52 per share; total value $55,227 (Code F: tax withholding)
• RSUs vested: 1,283 (per footnote F1) resulting in net delivery of 739 shares to the reporting person
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: F1 states the 544 shares were withheld to satisfy tax liability on the March 4, 2026 vesting

Context

This was a tax-withholding disposition tied to RSU vesting — a routine administrative action, not an open-market sale. Such withholdings reduce the number of shares issued to the insider and do not necessarily indicate a buy/sell signal about the company.