UVV VP reports routine tax-withholding share disposition

Universal Corp (UVV) vice president John Patrick O'Keefe reported a routine tax-withholding share disposition.

Accepted by SEC EDGAR 06/03/2026 - 06:40 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Universal Corp (UVV) vice president John Patrick O'Keefe reported a routine tax-withholding share disposition. On June 1, 2026, 1,685 shares of common stock were surrendered to the company to cover withholding taxes on previously granted restricted stock units that vested that day. The transaction was reported at a value of $54.13 per share, and O'Keefe held 16,038 shares of common stock directly after the withholding. His holdings also include 6,885 restricted stock units and 663 dividend equivalent units tied to those awards.

Insider Trade Summary

Exercise Price or Tax Liability: 1,685 shares

Exercise Price or Tax Liability 1 txn

Insider O'Keefe John Patrick

Role VP, Ingredients

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,685	$54.13	$91K

Holdings After Transaction: Common Stock — 16,038 shares (Direct)

Footnotes (2)

1. F1. Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units that vested on June 1, 2026.
2. F2. Includes 6,885 restricted stock units and 663 dividend equivalent units earned on the restricted stock units.

Key Figures

Shares surrendered for tax withholding: 1,685 shares Implied value per share: $54.13 per share Shares held after transaction: 16,038 shares +2 more

5 metrics

Shares surrendered for tax withholding 1,685 shares Common stock surrendered on June 1, 2026 to cover withholding taxes

Implied value per share $54.13 per share Value used for the 1,685-share tax-withholding disposition

Shares held after transaction 16,038 shares Directly held Universal Corp common stock following the disposition

Restricted stock units outstanding 6,885 RSUs Restricted stock units referenced in footnotes as part of holdings

Dividend equivalent units 663 units Dividend equivalent units earned on restricted stock units

Key Terms

restricted stock units, dividend equivalent units, withholding taxes, tax-withholding disposition

4 terms

restricted stock units financial

"relating to previously granted restricted stock units that vested on 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 6,885 restricted stock units and 663 dividend equivalent units earned"

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.

withholding taxes financial

"surrendered to the Company to satisfy the withholding taxes relating to previously granted"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UVV executive John Patrick O'Keefe report?

John Patrick O'Keefe reported surrendering 1,685 Universal Corp common shares to the company. This was to satisfy withholding taxes on previously granted restricted stock units that vested on June 1, 2026, rather than an open-market share sale for investment purposes.

Was the UVV Form 4 transaction an open-market sale of shares?

No, the UVV Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were surrendered back to Universal Corp to cover tax obligations tied to vesting restricted stock units, a common non-discretionary feature of equity compensation plans.

How many UVV shares did John Patrick O'Keefe hold after the Form 4 transaction?

After the tax-withholding transaction, John Patrick O'Keefe directly held 16,038 Universal Corp common shares. This reported balance reflects his position following surrender of 1,685 shares to the company to satisfy withholding taxes on vesting restricted stock units.

What equity awards in UVV does John Patrick O'Keefe still have after this filing?

Footnotes state that O'Keefe’s holdings include 6,885 restricted stock units and 663 dividend equivalent units. These awards are separate from his 16,038 directly held common shares and represent additional equity-based compensation that may convert into shares under plan terms.

What does transaction code F mean in the UVV Form 4 filing?

Transaction code F indicates shares were used to pay an exercise price or tax liability. In this UVV filing, it reflects common shares surrendered to Universal Corp to cover withholding taxes from restricted stock units vesting on June 1, 2026, not a discretionary sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

O'Keefe John Patrick

(Last) (First) (Middle)

9201 FOREST HILL AVENUE

(Street)

RICHMOND VIRGINIA 23235

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL CORP /VA/ [ UVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Ingredients

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		F		1,685(1)	D	$54.13	16,038(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units that vested on June 1, 2026.

2. Includes 6,885 restricted stock units and 663 dividend equivalent units earned on the restricted stock units.

	/s/ Catherine H. Claiborne, attorney-in-fact	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)