Form 4: Universal Corp CEO Wigner Tax Withholding Share Sale

Universal Corp's Chairman, President & CEO, Preston Douglas Wigner, surrendered 6,086 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Preston Douglas Wigner, Chairman, President & CEO of Universal Corp /VA/ [UVV], reported a transaction involving the company's common stock.
• On October 1, 2025, Wigner surrendered 6,086 shares of common stock to the company.
• The purpose of the surrender was to satisfy withholding taxes associated with previously granted restricted stock units that vested on the same date.
• The deemed price per share for this transaction was $55.78.
• Following this transaction, Wigner directly beneficially owns 103,940 shares of common stock.
• This beneficial ownership includes 49,316 restricted stock units and 3,639 dividend equivalent units earned on those restricted stock units.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation and tax obligations. It has a neutral impact on the company's fundamentals or outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes, which is a common occurrence for executives receiving equity compensation. It does not provide insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's investment thesis or company fundamentals.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where an executive surrendered shares to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and pre-scheduled components of executive compensation. It does not indicate any change in the company's operational performance, financial health, or strategic direction, nor does it suggest a discretionary sale by the insider. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance remains appropriate based solely on this filing.

Keywords

Universal Corp, UVV, Preston Douglas Wigner, Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Common Stock