Form 4: Universal Corp. Senior VP & CFO Kroner Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Johan C. Kroner, Senior VP & CFO of Universal Corp, reports the disposition of 2,247 shares to cover withholding taxes related to vested restricted stock units.
Summary
- On May 23, 2024, Johan C. Kroner, Senior VP & CFO of Universal Corp, disposed of 2,247 shares of common stock to satisfy withholding taxes related to previously granted restricted stock units that vested on the same date.
- The shares were surrendered to the company at a price of $46.52 per share.
- Following the transaction, Kroner directly owns 43,992 shares, which includes 24,250 restricted stock units and 4,022 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units that vested. |
| 05/28/2024 | Date of signature by attorney-in-fact. |
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