Form 4: Universal Corp VP & Controller Reports Stock Transaction
SEC Form 4 Filing
Scott J. Bleicher, VP & Controller of Universal Corp, reports disposition of shares to cover withholding taxes on vested restricted stock units.
Summary
- On May 23, 2024, Scott J. Bleicher, VP & Controller of Universal Corp, disposed of 420 shares of common stock to satisfy withholding taxes related to vested restricted stock units.
- The transaction was executed at a price of $46.52 per share.
- Following the transaction, Bleicher directly owns 8,448 shares, which includes 5,475 restricted stock units and 847 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing is a routine disclosure of a stock transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding insider activity.
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 stock transaction and vesting of restricted stock units. |
| 05/28/2024 | Date of signature on the report. |
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