Richard K. Carnifax - 09 Feb 2023 Form 4 Insider Report for UNIVERSAL ELECTRONICS INC (UEIC)

Role
S.V.P. Global Operations
Signature
/s/Richard Carnifax by Valerie J. Ballard, pursuant to Limited Power of Attorney dated July 11, 2022
Issuer symbol
UEIC
Transactions as of
09 Feb 2023
Net transactions value
+$457,286
Form type
4
Filing time
13 Feb 2023, 17:19:55 UTC
Previous filing
29 Jul 2022
Next filing
24 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UEIC Common Stock 1,727 09 Feb 2023 Direct

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 +8,075 +97% $0.000000 16,374 09 Feb 2023 Common Stock 8,075 Direct F1, F2
transaction UEIC Employee Stock Option (Rt. To Buy) Award $457,286 +18,465 $24.76 18,465 09 Feb 2023 Common Stock 18,465 $24.76 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Grant was approved by the Compensation Committee of the Board of Directors on January 30, 2023 and ratified and approved by the Board of Directors on February 9, 2023, and granted on February 9, 2023. The Restricted Stock Units will vest over a 3 year vesting schedule of 33.33% on February 9, 2024, and 8.33% quarterly thereafter.
F2 Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
F3 Stock Option Grant was approved by the Compensation Committee of the Board of Directors on January 30, 2023 and ratified and approved by the Board of Directors on February 9, 2023, and granted on February 9, 2023. The Stock Options will vest over a 3-year vesting schedule of 33.33% on February 9, 2024, and 8.33% quarterly thereafter, and will expire on February 9, 2030.
F4 Exercise Price Determined in accordance with the terms of the Company's applicable Stock Incentive Plan.