Universal VP receives stock awards, withholds shares
Universal Corp VP, Ingredients John Patrick O'Keefe reported compensation-related stock activity, not open-market trading.
Rhea-AI Filing Summary
Universal Corp VP, Ingredients John Patrick O'Keefe reported compensation-related stock activity, not open-market trading. On June 2, 2026, he received two awards of common stock totaling 3,168 and 3,825 shares at no cost, reflecting grants and vested performance shares. On the same date, 1,366 shares were surrendered back to the company at $54.38 per share to cover withholding taxes tied to the vesting. After these transactions, he directly owns 21,665 shares of Universal Corp common stock.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
O'Keefe John Patrick
Role
VP, Ingredients
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,825 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 3,168 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,366 | $54.38 | $74K |
Holdings After Transaction:
Common Stock — 21,665 shares (Direct)
Footnotes (4)
- F1. Award of restricted stock units. The restricted stock units vest on the third anniversary of the award date.
- F2. Includes 10,710 restricted stock units and 663 dividend equivalent units earned on the restricted stock units.
- F3. Previously granted performance shares that vested on June 2, 2026.
- F4. Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted performance shares that vested on June 2, 2026.
Key Figures
Tax-withholding shares: 1,366 shares
Tax-withholding price: $54.38 per share
Stock grant 1: 3,168 shares
+4 more
7 metrics
Tax-withholding shares
1,366 shares
Shares surrendered to company for withholding taxes on June 2, 2026
Tax-withholding price
$54.38 per share
Value of shares surrendered for tax withholding
Stock grant 1
3,168 shares
Common stock award on June 2, 2026
Stock grant 2
3,825 shares
Common stock award on June 2, 2026
Post-transaction holdings
19,863 shares
Common stock directly owned after all reported transactions
Restricted stock units
10,710 units
Restricted stock units included in holdings per footnote
Dividend equivalent units
663 units
Dividend equivalent units earned on restricted stock units
Key Terms
restricted stock units, dividend equivalent units, performance shares, withholding taxes, +1 more
5 terms
restricted stock units financial
"Award of restricted stock units. The restricted stock units vest on the third anniversary of the award date."
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 10,710 restricted stock units and 663 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.
withholding taxes financial
"Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted performance shares that vested on June 2, 2026."
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 transactions did UVV executive John Patrick O'Keefe report?
John Patrick O'Keefe reported a grant of 3,168 shares and 3,825 shares of Universal Corp common stock, plus a 1,366-share surrender to the company for tax withholding. All transactions occurred on June 2, 2026 and relate to equity compensation.
Were John Patrick O'Keefe’s UVV transactions open-market buys or sells?
The reported UVV transactions were not open-market trades. They involved stock awards and vesting, plus 1,366 shares surrendered to Universal Corp to satisfy withholding taxes on vested performance shares, rather than discretionary buying or selling in the market.
What equity awards did UVV grant to John Patrick O'Keefe?
Universal Corp granted John Patrick O'Keefe common stock tied to restricted stock units and performance shares. Footnotes note an award of restricted stock units vesting on the third anniversary and previously granted performance shares that vested on June 2, 2026, generating shares and dividend equivalent units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
