Form 4: Universal Corp. Senior VP & CFO Johan C. Kroner Reports Changes in Beneficial Ownership
SEC Filing
Johan C. Kroner, Senior VP & CFO of Universal Corp., reports the disposition of 2,651 shares of common stock to cover withholding taxes related to vested restricted stock units.
Summary
- On May 28, 2024, Johan C. Kroner, Senior VP & CFO of Universal Corp., filed a Form 4.
- The filing reports the disposition of 2,651 shares of common stock at a price of $46.96.
- This transaction was to satisfy withholding taxes related to restricted stock units that vested on May 27, 2024.
- Following the transaction, Kroner beneficially owns 41,341 shares, including 18,850 restricted stock units and 2,974 dividend equivalent units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock transactions related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Restricted stock units vested. |
| 05/28/2024 | Transaction date for the disposition of shares. |
| 05/30/2024 | Date of signature for the Form 4 filing. |
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