0000101984-24-000028.txt : 20240209
0000101984-24-000028.hdr.sgml : 20240209
20240209163402
ACCESSION NUMBER: 0000101984-24-000028
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240207
FILED AS OF DATE: 20240209
DATE AS OF CHANGE: 20240209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Chong David Cheung Hyen
CENTRAL INDEX KEY: 0001579104
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21044
FILM NUMBER: 24615588
MAIL ADDRESS:
STREET 1: 201 EAST SANDPOINTE AVENUE
STREET 2: 8TH FLOOR
CITY: SANTA ANA
STATE: CA
ZIP: 92707
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNIVERSAL ELECTRONICS INC
CENTRAL INDEX KEY: 0000101984
STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 330204817
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 15147 N SCOTTSDALE RD
STREET 2: SUITE H300
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85254
BUSINESS PHONE: 480-530-3000
MAIL ADDRESS:
STREET 1: 15147 N SCOTTSDALE RD
STREET 2: SUITE H300
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85254
4
1
wk-form4_1707514429.xml
FORM 4
X0508
4
2024-02-07
0
0000101984
UNIVERSAL ELECTRONICS INC
UEIC
0001579104
Chong David Cheung Hyen
15147 NORTH SCOTTSDALE ROAD
H300
SCOTTSDALE
AZ
85254
0
1
0
0
Executive Vice President -Asia
0
Common Stock
26634
D
Common Stock
5112
I
Shares Held by Tax Deferred Annuity
Restricted Stock Units
2024-02-07
4
A
0
14000
0
A
Common Stock
14000
29276
D
Performance Stock Units
2024-02-07
4
A
0
14001
0
A
Common Stock
14001
14001
D
Employee Stock Option (Rt to Buy)
62.70
2024-02-08
4
J
0
12750
0
D
2018-02-08
2024-02-08
Common Stock
12750
33480
D
These shares are held in a tax deferred annuity company of which Mr. Chong owns 100% and as to which Mr. Chong disclaims beneficial ownership.
Each restricted stock unit represents a contingent right to receive one share of UEI common stock.
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.
Each performance stock unit represents a contingent right to receive one share of UEI common 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.
Expiry of Employee Stock Options.
This figure represents an aggregate number of stock options held by Reporting Person.
/s/David Cheung Hyen Chong by Valerie J. Ballard, pursuant to Limited Power of Attorney dated May 16, 2013 (attached)
2024-02-09