Form 4: Universal Corp VP & Controller Reports Stock Transactions

Scott J. Bleicher, VP & Controller of Universal Corp, reports acquisition and disposal of common stock and restricted stock units.

Summary

• Scott J. Bleicher, VP & Controller of Universal Corp, filed a Form 4 detailing changes in beneficial ownership.
• On May 30, 2024, Bleicher acquired 1,720 shares of common stock through an award of restricted stock units, which vest on the third anniversary of the award date.
• Bleicher also acquired 1,684 shares of common stock from previously granted performance shares that vested on May 30, 2024.
• 507 shares of common stock were surrendered to the company to satisfy withholding taxes related to the vested performance shares.
• Following these transactions, Bleicher beneficially owns 10,867 shares, including 5,870 restricted stock units and 590 dividend equivalent units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine stock transactions related to executive compensation.

Positives

• The acquisition of shares through vesting of performance shares and restricted stock units indicates confidence in the company's future performance.

Negatives

• The surrender of 507 shares to cover withholding taxes reduces the overall increase in beneficial ownership.

Future Outlook

The restricted stock units vest on the third anniversary of the award date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates