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UNIVERSAL DISPLAY CORP \PA\·4

Mar 10, 4:00 PM ET

ABRAMSON STEVEN V 4

Research Summary

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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.