Mahon Janice K 4

What Happened

• Janice K. Mahon, Senior Vice President of Technology Commercialization at Universal Display (OLED), received equity awards that vested on March 7, 2026 and had shares withheld to satisfy tax withholding obligations. The filing reports 3 awards (total 13,978 shares) granted/vested and 4 withholding transactions disposing of 7,543 shares at $97.03 per share (total value of shares withheld ≈ $731,897).
• The awards include performance units granted under the company’s Long Term Incentive Plan (F1) which vested subject to certified performance results; separate restricted stock awards also vested, and withheld shares were used to cover the tax liabilities (footnotes F2–F5). These withholding transactions are tax-related disposals, not open-market sales.

Key Details

• Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (filing appears within the normal reporting window).
• Awarded/acquired: 2,604; 8,597; and 2,777 shares (total 13,978) reported as grants/vesting (code A).
• Shares withheld/disposed for taxes (code F): 941; 4,113; 1,420; and 1,069 — total 7,543 shares at $97.03/share (aggregate value reported ≈ $731,897).
• Footnotes: F1—performance units from 2023 LTIP vested after Human Capital Committee certification (2/17/2026). F2–F5—shares withheld to satisfy tax obligations tied to the vesting of restricted stock awards.
• Shares owned after the transactions: not specified in the filing.
• Transaction codes explained: A = award/grant (acquisition upon vesting); F = shares withheld to pay tax liability (disposition).

Context

• These transactions reflect vesting and tax withholding (a common administrative step). The disposals reported are withholding-related, not open-market sales, and therefore do not necessarily indicate a change in the insider’s market view.
• For retail investors: awards becoming shares can dilute outstanding shares incrementally; tax-withholding disposals are routine and should be interpreted differently than voluntary sales or market purchases.