Form 4: Universal Corp Executive Airton L Hentschke Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Airton L Hentschke, Senior VP & COO of Universal Corp, disposed of 4,389 shares of common stock on May 28, 2024, to cover withholding taxes related to vested restricted stock units.
Summary
- On May 28, 2024, Airton L Hentschke, Senior VP & COO of Universal Corp, disposed of 4,389 shares of common stock.
- The shares were surrendered to the company to satisfy withholding taxes related to restricted stock units that vested on May 27, 2024.
- The transaction was executed at a price of $46.96 per share.
- Following the transaction, Hentschke beneficially owns 97,103 shares, including 28,425 restricted stock units and 4,479 dividend equivalent units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from vested equity compensation.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Restricted stock units vested. |
| 05/28/2024 | Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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