Form 4: Universal Corp Executive Catherine Claiborne Reports Stock Transactions
SEC Form 4 Filing
Catherine Claiborne, VP, Gen. Counsel & Secretary of Universal Corp, reports the disposition of 1,068 shares to cover withholding taxes related to vested restricted stock units.
Summary
- On May 28, 2024, Catherine H. Claiborne, VP, Gen. Counsel & Secretary of Universal Corp, reported a transaction involving the disposition of 1,068 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 price per share was $46.96.
- Following the transaction, Claiborne beneficially owns 18,617 shares, including 7,225 restricted stock units and 1,139 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider activity and are closely watched by investors.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Restricted stock units vested. |
| 05/28/2024 | Transaction date: 1,068 shares disposed of to cover withholding taxes. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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