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