Bryan M. Hackworth - 07 Feb 2024 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Signature
/s/Bryan M. Hackworth, by Richard A. Firehammer, Jr., pursuant to Limited Power of Attorney dated August 5, 2006 (attached)
Issuer symbol
UEIC
Transactions as of
07 Feb 2024
Net transactions value
$0
Form type
4
Filing time
09 Feb 2024, 16:33:32 UTC
Previous filing
13 Nov 2023
Next filing
13 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UEIC Common Stock 11,200 07 Feb 2024 Direct
holding UEIC Common Stock 56,572 07 Feb 2024 By Trust F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UEIC Restricted Stock Units Award $0 +28,000 +139% $0.000000 48,185 07 Feb 2024 Common Stock 28,000 Direct F2, F3
transaction UEIC Performance Stock Units Award $0 +27,999 $0.000000 27,999 07 Feb 2024 Common Stock 27,999 Direct F4, F5
transaction UEIC Employee Stock Option (Rt to Buy) Other $0 -15,300 -10% $0.000000 136,800 08 Feb 2024 Common Stock 15,300 $62.70 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in the Hackworth Living Trust. Mr. Hackworth disclaims beneficial ownership of the shares.
F2 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F3 Restricted Stock Grant was approved by the Compensation Committee of the Board of Directors on January 25, 2024 and ratified and approved by the Board of Directors on February 7, 2024 and granted on February 7, 2024. The shares will vest over 3 years with 33.33% vesting on the first anniversary of the grant date and 8.33% vesting on each quarterly anniversary of the grant date thereafter. The shares will be fully vested on the third anniversary of the grant date.
F4 Each performance stock unit represents a contingent right to receive one share of UEI common stock.
F5 Performance Stock Grant was approved by the Compensation Committee of the Board of Directors on January 25, 2024 and ratified and approved by the Board of Directors on February 7, 2024, and granted on February 7, 2024. The performance stock unit awards will vest in 3 separate tranches with 3 separate stock price and service conditions. Each tranche will vest only when both the stock price and service conditions have been achieved. The stock price condition for each tranche must be met on or by the third anniversary of the grant (2/7/2027). Any unvested tranche will expire at close of business on 2/7/2027.
F6 Expiry of Employee Stock Options.
F7 This figure represents an aggregate number of stock options held by Reporting Person.