Form 4: Universal Corp Executive Preston Douglas Wigner Reports Stock Transaction
SEC Form 4 Filing
Senior Vice President Preston Douglas Wigner of Universal Corp reports disposition of shares to cover withholding taxes on vested restricted stock units.
Summary
- On May 28, 2024, Preston Douglas Wigner, a Senior Vice President at Universal Corp, reported a transaction involving the disposition of 2,048 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, Wigner beneficially owns 46,888 shares, including 13,300 restricted stock units and 2,097 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Restricted stock units vested |
| 05/28/2024 | Date of stock transaction |
| 05/30/2024 | Date of signature on the Form 4 filing |
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