Form 4: Universal Corp Executive Steven S. Diel Reports Stock Transaction
SEC Form 4 Filing
VP of Business Development at Universal Corp, Steven S. Diel, reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On May 23, 2024, Steven S. Diel, VP of Business Development at Universal Corp, disposed of 151 shares of common stock to cover withholding taxes related to vested restricted stock units.
- The transaction was executed at a price of $46.52 per share.
- Following the transaction, Diel beneficially owns 5,955 shares, including 1,520 restricted stock units and 183 dividend equivalent units.
- A note indicates that 1,820 restricted stock units and 286 dividend equivalent units were inadvertently omitted from the reporting person's Form 3 filed with the SEC on March 20, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of Form 3 filing with SEC where restricted stock units and dividend equivalent units were inadvertently omitted. |
| 05/23/2024 | Date of transaction: Disposition of 151 shares to cover withholding taxes. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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