Form 4: Universal Corp. Senior VP & COO Airton Hentschke Disposes of Shares for Tax Withholding

Universal Corp.'s Senior VP & COO, Airton Hentschke, reported the disposition of 6,240 shares of common stock at $59.35 per share to cover tax liabilities related to the vesting of restricted stock units.

Summary

• Airton L. Hentschke, Senior VP & COO of Universal Corp. (UVV), reported a transaction on May 28, 2025.
• The transaction involved the disposition of 6,240 shares of Universal Corp. common stock.
• These shares were surrendered to the company to satisfy withholding taxes associated with previously granted restricted stock units (RSUs) that vested on the same date.
• The price per share for the disposed securities was $59.35.
• Following this transaction, Mr. Hentschke beneficially owns 113,403 shares of common stock.
• This beneficial ownership includes 28,725 restricted stock units and 7,199 dividend equivalent units earned on those RSUs.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive. While shares were disposed, it was for a routine tax withholding related to the vesting of executive compensation (RSUs), which is a positive event for the executive. It does not indicate a negative outlook or a significant change in the executive's overall stake, as a substantial number of shares are still beneficially owned.

Positives

• The transaction indicates the vesting of previously granted restricted stock units, which is a positive event for the executive as it represents earned compensation.
• The executive continues to hold a significant number of shares (113,403), including a substantial portion in restricted stock units, aligning their interests with shareholders.

Negatives

• The disposition of shares, while for tax purposes, represents a reduction in the executive's direct common stock holdings.

Future Outlook

N/A

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to executive compensation and tax obligations. It does not provide broader insights into industry trends or competitive landscape for the tobacco or agricultural products sector in which Universal Corp. operates.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation-related transaction and does not signal a change in company fundamentals or executive confidence beyond standard compensation practices.

Key Dates

Keywords

Universal Corp, UVV, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation, Common Stock