Form 4: Universal Corp Senior VP McKeen Starke Acquires Shares Through Restricted Stock Units

Senior VP and Sales Director McKeen Starke acquired 1,810 shares of Universal Corp common stock through a restricted stock unit award on May 30, 2024.

Summary

• On May 30, 2024, McKeen Starke, Senior VP & Sales Director at Universal Corp, acquired 1,810 shares of common stock.
• The acquisition was through an award of restricted stock units.
• These restricted stock units vest on the third anniversary of the award date.
• Following the transaction, Starke beneficially owns 5,159 shares, including 3,410 restricted stock units and 122 dividend equivalent units earned on the restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing regarding stock transactions. The acquisition of shares by an executive is generally viewed as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of shares by a senior executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates