Form 4: Universal Corp CFO Disposes of Shares for Tax Withholding on RSU Vesting

Universal Corp's Senior VP and CFO, Johan C. Kroner, disposed of 4,145 shares of common stock valued at $59.35 per share to cover tax obligations related to the vesting of restricted stock units.

Summary

• Johan C. Kroner, Senior VP & CFO of Universal Corp /VA/ (UVV), reported a transaction on May 28, 2025.
• The transaction involved the disposition of 4,145 shares of Universal Corp common stock.
• These shares were surrendered to the company to satisfy withholding taxes associated with previously granted restricted stock units (RSUs) that vested on May 28, 2025.
• The price per share for the disposition was $59.35.
• Following this transaction, Mr. Kroner beneficially owns 52,418 shares of common stock directly.
• The total beneficial ownership includes 19,035 restricted stock units and 4,779 dividend equivalent units earned on the restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard, non-discretionary transaction related to executive compensation and tax obligations, rather than a strategic sale or purchase.

Positives

• The underlying event, the vesting of restricted stock units, represents a form of compensation and aligns management's interests with shareholders through equity ownership.

Negatives

• The disposition of shares, while for tax purposes, reduces the direct common stock holdings of the Senior VP & CFO.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction related to executive compensation and tax obligations, and as such, it does not provide broader industry context or trends.

Related Party Transactions

• The transaction involves the surrender of shares by a Senior VP & CFO to the company to satisfy tax withholding obligations on vested restricted stock units, which is a common compensation-related interaction between an executive and their employer.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a strategic sale or purchase. It reflects the vesting of previously granted equity compensation.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

Universal Corp, UVV, Form 4, Insider Transaction, Johan C. Kroner, CFO, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership