Universal Corp executive surrenders shares for taxes
Universal Corp Senior VP & COO Airton L. Hentschke reported a routine tax-related share disposition.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Universal Corp Senior VP & COO Airton L. Hentschke reported a routine tax-related share disposition. On the reported date, 9,485 shares of common stock were surrendered to the company to cover withholding taxes on previously granted restricted stock units that vested on May 30, 2026 and June 1, 2026. After this tax-withholding transaction, he directly held 128,193 common shares, including 33,790 restricted stock units and 2,804 related dividend equivalent units.
Insider Trade Summary
Exercise Price or Tax Liability: 9,485 shares
Exercise Price or Tax Liability
1 txn
Insider
Hentschke Airton L
Role
Senior VP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,485 | $54.13 | $513K |
Holdings After Transaction:
Common Stock — 128,193 shares (Direct)
Footnotes (2)
- F1. Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units that vested on May 30, 2026 and June 1, 2026.
- F2. Includes 33,790 restricted stock units and 2,804 dividend equivalent units earned on the restricted stock units.
Key Figures
Tax-withholding shares: 9,485 shares
Implied tax value per share: $54.13 per share
Shares after transaction: 128,193 shares
+2 more
5 metrics
Tax-withholding shares
9,485 shares
Common stock surrendered to cover withholding taxes
Implied tax value per share
$54.13 per share
Value used for the tax-withholding disposition
Shares after transaction
128,193 shares
Direct common stock holdings following the transaction
Restricted stock units
33,790 units
Restricted stock units included in post-transaction holdings
Dividend equivalent units
2,804 units
Dividend equivalents earned on restricted stock units
Key Terms
restricted stock units, dividend equivalent units, tax-withholding disposition, payment of exercise price or tax liability by delivering securities
4 terms
restricted stock units financial
"previously granted restricted stock units that vested on May 30, 2026 and June 1, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent units financial
"Includes 33,790 restricted stock units and 2,804 dividend equivalent units earned on the restricted stock units."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the F-coded transaction"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Universal Corp (UVV) report for Airton L. Hentschke?
Universal Corp reported that Senior VP & COO Airton L. Hentschke surrendered 9,485 common shares. These shares were delivered to the company to satisfy withholding taxes on previously granted restricted stock units that vested on May 30, 2026 and June 1, 2026.
Was the Universal Corp (UVV) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 9,485 shares were surrendered to Universal Corp to cover tax withholding obligations tied to vested restricted stock units, a common administrative process rather than a discretionary decision to sell shares in the market.
How is the Universal Corp (UVV) Form 4 transaction coded and what does it mean?
The transaction is coded "F," which indicates payment of an exercise price or tax liability by delivering securities. Here it reflects shares surrendered to Universal Corp to satisfy withholding taxes associated with vested restricted stock units, not a traditional buy or sell trade in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
