Universal Corp (NYSE: UVV) VP granted shares, surrenders some for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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 19,863 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	--
Grant/Award	Common Stock	3,168	$0.00	--
Tax Withholding	Common Stock	1,366	$54.38	$74K

Holdings After Transaction: Common Stock — 19,863 shares (Direct, null)

Footnotes (1)

Award of restricted stock units. The restricted stock units vest on the third anniversary of the award date. Includes 10,710 restricted stock units and 663 dividend equivalent units earned on the restricted stock units. Previously granted performance shares that vested on June 2, 2026. 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.

performance shares financial

"Previously granted performance shares that vested on June 2, 2026."

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 06:12 PM

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)
06/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/02/2026		A		3,825⁽¹⁾	A	$0	19,863⁽²⁾	D
Common Stock	06/02/2026		A		3,168⁽³⁾	A	$0	23,031⁽²⁾	D
Common Stock	06/02/2026		F		1,366⁽⁴⁾	D	$54.38	21,665⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Award of restricted stock units. The restricted stock units vest on the third anniversary of the award date.

2. Includes 10,710 restricted stock units and 663 dividend equivalent units earned on the restricted stock units.

3. Previously granted performance shares that vested on June 2, 2026.

4. 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.

	/s/ Catherine H. Claiborne, attorney-in-fact	06/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many UVV shares does John Patrick O'Keefe hold after these transactions?

After the June 2, 2026 transactions, John Patrick O'Keefe directly owns 19,863 shares of Universal Corp common stock. This figure reflects the combined effect of stock grants, performance share vesting, and shares surrendered to cover associated tax withholding obligations.

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.

Why did John Patrick O'Keefe surrender 1,366 UVV shares to the company?

He surrendered 1,366 Universal Corp shares to satisfy withholding taxes on previously granted performance shares that vested on June 2, 2026. This tax-withholding disposition is a common mechanism to cover tax liabilities when equity awards convert into shares.