Singer Eric 4
Research Summary
AI-generated summary
Universal Electronics (UEIC) 10% Owner Eric Singer Receives Award
What Happened
- Eric Singer, reported as a 10% owner of Universal Electronics Inc. (UEIC), was granted 31,017 restricted stock units (RSUs) on May 26, 2026. The Form 4 shows an acquisition at $0.00 per share (award/grant code A), reflecting a compensatory RSU award rather than a market purchase. The filing does not list a cash value; the economic value will depend on the company's share price when/if the RSUs vest and convert to common stock.
Key Details
- Transaction date: May 26, 2026; Filing date: May 28, 2026 (appears timely).
- Grant: 31,017 RSUs, reported at $0.00 acquisition price (award/grant).
- Vesting: RSUs vest on the earlier of (i) May 26, 2027 or (ii) the date of the next annual meeting of stockholders (per footnote).
- Shares owned after transaction: Not specified in the provided filing summary.
- Beneficial ownership note: Footnote indicates Toro 18 directly owns shares and, through relationships with Immersion and executives (including Mr. Singer as President & CEO of Toro 18), those shares may be deemed beneficially owned by Mr. Singer.
- Transaction code: A = Award/Grant (not a buy or sell).
Context
- RSU awards are typically compensation for service (here noted as director compensation). They are not an open‑market purchase (which some investors view as a stronger bullish signal), and their ultimate value depends on future vesting and the stock price at conversion. This filing documents the grant; any subsequent vesting or sale would generate additional filings.