UVV Form 144: Insider Plans Sale of 2,800 Shares Valued $146.7K
Rhea-AI Filing Summary
Universal Corporation (UVV) filed a Form 144 reporting a proposed sale of 2,800 common shares with an aggregate market value of $146,675.95, intended to be sold on the NYSE on 08/11/2025. The shares were acquired through grants on 08/04/2017 (908 shares), 08/02/2019 (1,420 shares) and 08/03/2022 (472 shares), which together equal the amount disclosed for sale. The filing lists 24,886,204 shares outstanding, reports no sales in the past three months, and identifies Wells Fargo Clearing Services as the broker.
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Insights
TL;DR: Routine Rule 144 notice: 2,800 shares (~$146.7k) planned sale, representing ~0.011% of outstanding shares; likely immaterial.
The filing documents a proposed sale under Rule 144 of 2,800 common shares valued at $146,675.95. Using the disclosed 24,886,204 shares outstanding, the sale equals approximately 0.011% of outstanding stock, indicating the transaction is small relative to capitalization. The broker is identified as Wells Fargo Clearing Services and the planned sale date is 08/11/2025. No prior sales were reported in the past three months.
TL;DR: Filer acquired shares via grants in 2017/2019/2022 and reports no sales in past three months; signature statement and Rule 144 compliance are included.
The notice shows the securities were received as grants on 08/04/2017, 08/02/2019 and 08/03/2022. The form contains the standard representation that the filer is not aware of undisclosed material adverse information and includes the required broker identification. The filing therefore appears to be a procedural disclosure under Rule 144 rather than a governance event or material corporate action.