Carnifax Richard K bought UEIC
February 7, 2024 · Form 4 insider transaction
Carnifax Richard K bought 14,001 shares of Universal Electronics Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Each performance stock unit represents a contingent right to receive one share of UEI stock.; 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.