MULLIGAN WILLIAM C 4

What Happened

• William C. Mulligan, a director of Universal Electronics Inc. (UEIC), had 18,437 restricted stock units convert to common shares on May 19, 2026 (reported on Form 4 filed May 21, 2026). The filing shows an acquisition entry for 18,437 shares (conversion of derivative) and a matching disposition of 18,437 shares at $0.00.
• No cash proceeds or market sale is reported. This was not an open-market purchase or sale — it reflects vesting/conversion of previously granted RSUs and an immediate transfer/disposition of the resulting shares.

Key Details

• Transaction date: 2026-05-19; Filing date: 2026-05-21 (timely — within required Form 4 window).
• Acquired: 18,437 shares via conversion of restricted stock units (derivative code M); Disposed: 18,437 shares at $0.00 (derivative).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 clarifies each restricted stock unit (RSU) equals a contingent right to one UEIC share. F2 states the shares are held in The William Mulligan Rev Dec Trust and Mr. Mulligan disclaims ownership of the trust-held shares. F3 notes these 18,437 RSUs were granted on July 1, 2025 and were 100% vested on the earlier of one year after grant or immediately before the next annual meeting.
• No indication of a 10b5-1 plan, cashless exercise sale, or tax-withholding share surrender in the provided text.

Context

• This filing documents the conversion/vesting of RSUs rather than an open-market buy or sale. The $0.00 disposition means no sale proceeds were reported; combined with F2, the shares appear to have been placed in a trust rather than sold. For retail investors, vesting/conversion events are routine executive compensation activity and do not necessarily signal a buy or sell decision.