Form 4: Universal Corp Director Thomas H. Johnson Acquires Shares Through Restricted Stock Units

Director Thomas H. Johnson acquired 2,660 shares of Universal Corp stock on August 6, 2024, through a restricted stock unit award.

Summary

• On August 6, 2024, Thomas H. Johnson, a director of Universal Corp, acquired 2,660 shares of common stock.
• The acquisition was through a restricted stock unit award for service as a director.
• The restricted stock units vest on the first anniversary of the award date.
• Following the transaction, Johnson beneficially owns 30,164 shares of Universal Corp stock, including shares resulting from dividend equivalent units and restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's acquisition of shares indicates confidence in the company. It's a routine transaction, but still a positive signal.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The restricted stock units vest on the first anniversary of the award date, suggesting a continued commitment to the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates