Form 4: Universal Corp VP & Controller Disposes of Shares for Tax Withholding on Vested Restricted Stock Units
Insider Transaction Report
Universal Corp's VP & Controller, Scott J. Bleicher, disposed of 626 shares of common stock on May 28, 2025, at a price of $59.35 per share to satisfy tax withholding obligations related to previously vested restricted stock units.
Summary
- Scott J. Bleicher, VP & Controller of Universal Corp /VA/ (UVV), reported a transaction on May 28, 2025.
- The transaction involved the disposal of 626 shares of Universal Corp common stock.
- The shares were disposed of at a price of $59.35 per share.
- This disposal was made to satisfy withholding taxes related to previously granted restricted stock units that vested on May 28, 2025.
- Following this transaction, Mr. Bleicher beneficially owns 11,056 shares of common stock, which includes 4,720 restricted stock units and 996 dividend equivalent units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to equity compensation vesting, which is a common occurrence for executives.
Positives
- The transaction represents the vesting of previously granted equity compensation, indicating the fulfillment of long-term incentive plans for a key executive.
- The disposal of shares is a non-discretionary event, solely for tax withholding purposes, rather than a voluntary sale by the insider.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing is a routine insider transaction report specific to Universal Corp and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/28/2025 | Date of transaction and vesting of restricted stock units. |
| 05/30/2025 | Date the Form 4 was signed and filed. |
Keywords
Universal Corp, UVV, Form 4, Insider Transaction, Stock Disposal, Restricted Stock Units, Tax Withholding, Equity Compensation, Corporate Officer
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