Form 4: Universal Corp. VP Disposes of Shares for Tax Withholding on RSU Vesting

John Patrick O'Keefe, VP of Ingredients at Universal Corp. (UVV), reported the disposition of 786 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted stock units.

Summary

• John Patrick O'Keefe, VP, Ingredients at Universal Corp. (UVV), filed a Form 4 reporting a change in beneficial ownership.
• On May 28, 2025, Mr. O'Keefe disposed of 786 shares of Universal Corp. common stock at a price of $59.35 per share.
• This disposition was made to cover withholding taxes associated with previously granted restricted stock units that vested on the same date.
• Following this transaction, Mr. O'Keefe beneficially owns 13,544 shares of common stock directly.
• The total beneficial ownership includes 8,390 restricted stock units and 1,452 dividend equivalent units earned on these restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to executive compensation, and does not reflect a change in company performance or outlook.

Positives

• The underlying event is the vesting of restricted stock units, which represents earned compensation for the executive, indicating successful achievement of performance or tenure milestones.

Negatives

• The disposition of shares, while routine for tax purposes, reduces the direct shareholding of the insider.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: This routine transaction has minimal direct impact on shareholders, as it's a standard part of executive equity compensation and tax compliance.
• Employees: The vesting of restricted stock units is a positive for the executive, representing earned compensation.

Key Dates

Keywords

Universal Corp, UVV, SEC Form 4, Insider Trading, Stock Disposition, Restricted Stock Units, Tax Withholding, Executive Compensation, Beneficial Ownership