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: BROWN JULIA J (EVP & Chief Technical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-05	Common Stock	A	219	$0.00	Acquired	64270	Direct
2022-03-05	Common Stock	F	92	$156.07	Disposed	64178	Direct
2022-03-05	Common Stock	F	247	$156.07	Disposed	63931	Direct
2022-03-06	Common Stock	F	2171	$156.07	Disposed	61760	Direct
2022-03-06	Common Stock	F	2547	$156.07	Disposed	59213	Direct

Footnotes

F1: These shares were granted to the reporting person as performance units under the Company's Long Term Incentive Plan as part of her 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 219 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 583 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 5,120 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 6,005 shares of restricted stock previously granted to the reporting person.