ABRAMSON STEVEN V 4
4 · UNIVERSAL DISPLAY CORP \PA\ · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Universal Display (OLED) CEO Steven Abramson Receives Awards; Withholds Shares
What Happened
Steven V. Abramson, President & CEO and a director of Universal Display (OLED), received awards (performance units/restricted stock) that vested on March 7, 2026 totaling 32,133 shares (three grants: 5,987; 19,763; 6,383). To satisfy tax withholding obligations, 15,668 shares were withheld/disposed at $97.03 per share, generating proceeds of $1,520,265. The grants were part of 2023 compensation; the Company’s Human Capital Committee certified the applicable performance conditions on Feb 17, 2026. These were awards/vesting transactions (not open‑market purchases).
Key Details
- Transaction date: March 7, 2026 (filed March 10, 2026). No late‑filing flag indicated in the provided filing.
- Awards received: 32,133 shares (5,987; 19,763; 6,383) reported as acquired at $0.00 (A = award/grant).
- Shares withheld (taxes): 15,668 shares disposed at $97.03 each for a total of $1,520,265 (F = tax withholding/disposition).
- Net change: +16,465 shares retained after withholding (32,133 awarded − 15,668 withheld).
- Footnotes: F1 notes these were performance units under the Long Term Incentive Plan (2023 compensation) that vested subject to performance certification (certified Feb 17, 2026). F2–F5 describe withholding to satisfy tax liabilities associated with vesting of restricted stock.
- Shares owned after transaction: Not specifically listed in the provided summary; net increase of 16,465 shares from the awards after withholding.
Context
- This filing reports vesting of performance/restricted awards and related tax withholding (cashless share withholding), not open‑market buying or voluntary selling. Tax withholding of shares is a common administrative step and does not necessarily indicate a change in the executive’s market view.
- For retail investors: award vesting increases insider ownership (here net +16,465 shares), while the withheld shares simply settle tax obligations. The filing does not signal a purchase (bullish) or an intentional sale (bearish) beyond routine tax withholding.
Insider Transaction Report
Form 4
ABRAMSON STEVEN V
DirectorPresident and CEO
Transactions
- Award
Common Stock
[F1]2026-03-07+5,987→ 274,977 total - Tax Payment
Common Stock
[F2]2026-03-07$97.03/sh−2,539$246,359→ 272,438 total - Award
Common Stock
[F1]2026-03-07+19,763→ 292,201 total - Tax Payment
Common Stock
[F3]2026-03-07$97.03/sh−8,383$813,402→ 283,818 total - Award
Common Stock
[F1]2026-03-07+6,383→ 290,201 total - Tax Payment
Common Stock
[F4]2026-03-07$97.03/sh−2,707$262,660→ 287,494 total - Tax Payment
Common Stock
[F5]2026-03-07$97.03/sh−2,039$197,844→ 285,455 total
Footnotes (5)
- [F1]These shares were granted to the Reporting Person as performance units under the Company's Long Term Incentive Plan as part of 2023 compensation and vested on March 7, 2026 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 17, 2026 as having occurred.
- [F2]These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 5,987 shares of restricted stock previously granted to the Reporting Person.
- [F3]These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 19,763 shares of restricted stock previously granted to the Reporting Person.
- [F4]These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 6,383 shares of restricted stock previously granted to the Reporting Person.
- [F5]These shares were withheld to satisfy a tax liability in connection with the vesting on March 7, 2026 of 4,808 shares of restricted stock previously granted to the Reporting Person.
Signature
/s/ Steven V. Abramson (by Mauro Premutico as power of attorney)|2026-03-10