Form 4: Universal Corp VP, O'Keefe, Reports Stock Transaction
SEC Form 4 Filing
John Patrick O'Keefe, VP of Ingredients at Universal Corp, reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On May 28, 2024, John Patrick O'Keefe, VP of Ingredients at Universal Corp, reported a transaction involving the company's common stock.
- O'Keefe disposed of 585 shares of common stock at a price of $46.96 per share to satisfy withholding taxes related to restricted stock units that vested on May 27, 2024.
- Following the transaction, O'Keefe beneficially owns 8,841 shares, including 6,275 restricted stock units and 790 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction itself is neutral. Therefore, the sentiment is considered neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/27/2024 | Restricted stock units vested. |
| 05/28/2024 | Date of stock disposal transaction. |
| 05/30/2024 | Date of signature on the report. |
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