UNIVERSAL DISPLAY CORP \PA\ — Director's Dealing 2022

Mar 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL DISPLAY CORP \PA\ (OLED)
CIK: 0001005284
Period of Report: 2022-03-05

Reporting Person: ROSENBLATT SIDNEY D (Director, EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-05	Common Stock	A	312	$0.00	Acquired	164400	Direct
2022-03-05	Common Stock	F	132	$156.07	Disposed	164268	Direct
2022-03-05	Common Stock	F	352	$156.07	Disposed	163916	Direct
2022-03-06	Common Stock	F	5429	$156.07	Disposed	158487	Direct
2022-03-06	Common Stock	F	3629	$156.07	Disposed	154858	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	92275	Indirect
Common Stock	13000	Indirect

Footnotes

F1: These shares were granted to the reporting person as performance units under the Company's Long Term Incentive Plan as part of his 2019 compensation and vested on March 5, 2022 subject to the satisfaction of certain performance conditions, which the Company's Human Capital Committee certified on February 16, 2022 as having occurred.

F2: These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2022 of 312 shares of restricted stock previously granted to the reporting person.

F3: These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2022 of 831 shares of restricted stock previously granted to the reporting person.

F4: These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2022 of 12,800 shares of restricted stock previously granted to the reporting person.

F5: These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2022 of 8,555 shares of restricted stock previously granted to the reporting person.