Form 4: Universal Corp Executive Reports Stock Tax Withholding

Senior VP McKeen Starke surrendered 733 shares of Universal Corp common stock to satisfy tax obligations related to vested restricted stock units.

Summary

• McKeen Starke, Senior VP & Sales Director at Universal Corp, reported the disposition of 733 shares of common stock.
• The transaction occurred on June 1, 2026, at a price of $54.13 per share.
• The shares were surrendered to the company to satisfy tax withholding requirements associated with the vesting of restricted stock units.
• Following this transaction, the reporting person maintains beneficial ownership of 7,603 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax settlement rather than a change in insider sentiment.

Positives

• The transaction is a routine administrative action related to tax obligations rather than a discretionary market sale.
• The reporting person retains a significant equity stake of 7,603 shares, including 4,575 restricted stock units.

Negatives

• The transaction results in a reduction of the reporting person's direct share ownership.

Risks

• None identified; this is a standard tax-related transaction.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory disclosure for executive compensation and does not reflect a change in the company's strategic direction or market outlook.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for handling tax withholdings on equity-based compensation.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a standard tax-related share surrender.

Key Dates

Keywords

Universal Corp, UVV, Form 4, Insider Trading, Stock Withholding, Executive Compensation