Form 4: Universal Corp Director Tullidge Receives Stock Award

Director Thomas H. Tullidge Jr. of Universal Corp received 2,660 restricted stock units on August 6, 2024, for his service as a director.

Summary

• Thomas H. Tullidge Jr., a director at Universal Corp, received 2,660 restricted stock units on August 6, 2024.
• These restricted stock units vest on the first anniversary of the award date.
• Following the transaction, Tullidge beneficially owns 16,874 shares of common stock, which includes shares from dividend equivalent units earned on restricted stock units that vested on August 4, 2024.
• Catherine H. Claiborne, attorney-in-fact, signed the Form 4 on August 8, 2024.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a director's stock award, which is neither particularly positive nor negative. It's a standard corporate governance practice.

Positives

• The award of restricted stock units to a director can be seen as a positive sign, aligning the director's interests with those of the shareholders.

Industry Context

This type of stock award is a common practice for compensating directors of publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The size and vesting schedule of the restricted stock units are typical for director compensation in similar-sized companies.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders.

Key Dates