Premutico Mauro 4
4 · UNIVERSAL DISPLAY CORP \PA\ · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Universal Display (OLED) SVP Mauro Premutico Receives Award; Shares Withheld
What Happened
- Mauro Premutico, SVP & Chief Legal Officer of Universal Display (OLED), had multiple awards vest on March 7, 2026. He was credited with 3,233 + 10,672 + 3,447 = 17,352 shares (awards/grants acquired at $0.00 per share).
- To satisfy tax liabilities from the vesting, 1,789 + 5,905 + 1,907 + 1,436 = 11,037 shares were withheld/disposed at $97.03 per share, producing aggregate proceeds of $1,070,920.
- These were vesting awards/units rather than open-market purchases or voluntary sales; the disposals are tax-withholding transactions (routine).
Key Details
- Transaction date: March 7, 2026; Filing date (Form 4): March 10, 2026.
- Price for withholding disposals: $97.03 per share; total proceeds from withheld shares: $1,070,920.
- Shares acquired (vested): 17,352 shares (reported as awards/grants at $0.00).
- Shares withheld/disposed to cover taxes: 11,037 shares (Transaction code F = tax withholding).
- Footnotes:
- F1: The shares include performance units granted under the company’s Long Term Incentive Plan (2023 compensation) that vested on March 7, 2026 after the Human Capital Committee certified performance on Feb 17, 2026.
- F2–F5: The listed disposals were shares withheld to satisfy tax withholding related to vesting of restricted stock/performance shares.
- Shares owned after the transaction are not specified in the provided filing details.
Context
- This was a vesting event (awards becoming shares) with shares withheld to cover tax obligations — a common, administrative insider transaction that does not necessarily indicate a voluntary sale or change in investment stance.
- F1 indicates some vested shares were performance-based and required committee certification before vesting.
- No 10b5-1 plan, late-filing flag, or other trading plans are indicated in the provided details.
Insider Transaction Report
Form 4
Premutico Mauro
SVP & CLO
Transactions
- Award
Common Stock
[F1]2026-03-07+3,233→ 45,573 total - Tax Payment
Common Stock
[F2]2026-03-07$97.03/sh−1,789$173,587→ 43,784 total - Award
Common Stock
[F1]2026-03-07+10,672→ 54,456 total - Tax Payment
Common Stock
[F3]2026-03-07$97.03/sh−5,905$572,962→ 48,551 total - Award
Common Stock
[F1]2026-03-07+3,447→ 51,998 total - Tax Payment
Common Stock
[F4]2026-03-07$97.03/sh−1,907$185,036→ 50,091 total - Tax Payment
Common Stock
[F5]2026-03-07$97.03/sh−1,436$139,335→ 48,655 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 3,233 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 10,672 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 3,447 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 2,596 shares of restricted stock previously granted to the Reporting Person.
Signature
/s/ Mauro Premutico|2026-03-10