Form 4: Universal Corp Executive McKeen Starke Reports Stock Transaction
SEC Form 4 Filing
Senior VP & Sales Director McKeen Starke of Universal Corp reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On May 28, 2024, McKeen Starke, Senior VP & Sales Director at Universal Corp, reported a transaction involving the company's common stock.
- Starke disposed of 234 shares at a price of $46.96 per share to satisfy withholding taxes related to restricted stock units that vested on May 27, 2024.
- Following the transaction, Starke beneficially owns 3,349 shares, including 1,600 restricted stock units and 122 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Restricted stock units vested. |
| 05/28/2024 | Transaction date: Shares disposed of to cover withholding taxes. |
| 05/30/2024 | Date of signature for the Form 4 filing. |
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