BROWN JULIA J 4

What Happened

• Julia J. Brown, EVP & Chief Technical Officer of Universal Display (OLED), received vested equity awards on March 7, 2026: 4,202 + 13,872 + 4,481 = 22,555 shares (awarded at $0.00 per share).
• To satisfy tax liabilities tied to the vesting, a total of 10,759 shares were withheld/disposed in four withholding transactions (1,544; 5,884; 1,900; 1,431 shares) at $97.03 per share, generating proceeds of $149,814; $570,925; $184,357; and $138,850 respectively — about $1,043,946 in aggregate.
• These awards were performance units granted under the company’s Long Term Incentive Plan as part of 2023 compensation and were certified as achieved by the Human Capital Committee on Feb 17, 2026.

Key Details

• Transaction date: March 7, 2026. Price on withholding/disposal transactions: $97.03 per share.
• Shares granted/issued: 22,555 (three awards: 4,202; 13,872; 4,481). Shares withheld/disposed to cover taxes: 10,759 (four transactions).
• Cash value of withheld shares (proceeds): ~$1.044 million total.
• Footnotes: F1 confirms performance-unit grants (2023 LTIP) vested after committee certification; F2–F5 state the withheld shares were to satisfy tax liabilities related to vesting of restricted stock.
• Shares owned after the transactions: not stated in the provided summary of the filing.
• Filing date: March 10, 2026 (Form 4 filed). The filing does not indicate any late‑filing flag in the provided summary.

Context

• These were equity awards vesting and tax-withholding events, not open‑market sales by the insider. Withholding of shares to cover taxes is a routine administrative action and does not necessarily indicate a change in the insider’s market view.
• The underlying awards were performance-based (certified by the committee), and the withheld shares represent a net settlement to satisfy tax obligations rather than a voluntary cash sale.