Premutico Mauro 4

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.