Form 4: Universal Corp Executive Steven S. Diel Reports Changes in Beneficial Ownership
SEC Form 4 Filing
VP of Business Development at Universal Corp, Steven S. Diel, reports a transaction involving the surrender of shares to cover withholding taxes on vested restricted stock units.
Summary
- On May 28, 2024, Steven S. Diel, VP of Business Development at Universal Corp, reported a transaction on SEC Form 4.
- Diel surrendered 152 shares of common stock to the company 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, Diel beneficially owns 5,803 shares of Universal Corp, which includes 1,180 restricted stock units and 119 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it relates to tax obligations on vested stock.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Restricted stock units vested. |
| 05/28/2024 | Date of transaction (surrender of shares). |
| 05/30/2024 | Date of signature on the report. |
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