Director Richard C Elias makes first open-market purchase in three years, buying over 1,000 shares as stock trades well below 52-week highs.
Richard C Elias, a director at Universal Display Corp, made his first open-market purchase of company shares in over three years, acquiring more than 1,000 shares on a single day in mid-May. This marks a notable shift in his pattern: his prior Form 4 activity was entirely comprised of stock-based compensation transactions and occasional sales, making this open-market buy a meaningful change in posture. The purchase occurs with the stock trading substantially below its 52-week high and down sharply over the prior three months, suggesting he is buying into weakness. The company itself remains profitable and growing, though modestly, and a cluster of three insiders bought shares within a two-week window, indicating activity across the insider group during this period of stock decline.