Universal Corp (UVV) awards director 2,650 restricted stock units
Rhea-AI Filing Summary
SLEDD ROBERT C reported acquisition or exercise transactions in this Form 4 filing.
Universal Corp director Robert C. Sledd received an award of 2,650 restricted stock units of common stock on August 4, 2026 for his service as a director. These units vest on the first anniversary of the award date.
Following this grant, he holds 14,647 shares and units, including shares from dividend equivalent units on restricted stock units that vested on August 5, 2026, as well as 2,650 restricted stock units and 1,950 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,650 shares
Net Buy
1 txn
Insider
SLEDD ROBERT C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,650 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 14,647 shares (Direct)
Footnotes (2)
- F1. Award of 2,650 restricted stock units for service as a director. The restricted stock units vest on the first anniversary of the award date.
- F2. Includes shares resulting from dividend equivalent units earned on restricted stock units that vested on August 5, 2026. Includes 2,650 restricted stock units and 1,950 shares of restricted stock as of the date this Form 4 is filed.
Key Figures
Restricted stock units granted: 2,650 units
Transaction price per share: $0.0000 per share
Total holdings after transaction: 14,647 shares and units
+1 more
4 metrics
Restricted stock units granted
2,650 units
Award of restricted stock units for service as a director on August 4, 2026
Transaction price per share
$0.0000 per share
Reported per-share price for the restricted stock unit award
Total holdings after transaction
14,647 shares and units
Total Universal Corp equity reported following the award
Restricted stock holdings
1,950 shares
Shares of restricted stock included in post-transaction holdings
Key Terms
restricted stock units, dividend equivalent units, restricted stock
3 terms
restricted stock units financial
"Award of 2,650 restricted stock units for service as a director."
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 shares resulting from dividend equivalent units earned on 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.
restricted stock financial
"Includes 2,650 restricted stock units and 1,950 shares of restricted stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Universal Corp (UVV) director Robert C. Sledd receive?
Robert C. Sledd received an award of 2,650 restricted stock units of Universal Corp common stock on August 4, 2026 for his service as a director. The Form 4 reports a per-share transaction price of $0.0000 for this director equity award.
When do the 2,650 restricted stock units reported for Universal Corp (UVV) vest?
The 2,650 restricted stock units vest on the first anniversary of the award date. Since the award date is August 4, 2026, vesting occurs one year after that date, according to the disclosure describing the vesting schedule for this director stock unit grant.
What are the dividend equivalent units mentioned in the Universal Corp (UVV) Form 4?
The disclosure states that Sledd’s reported holdings include shares resulting from dividend equivalent units earned on restricted stock units that vested on August 5, 2026. Those dividend equivalent units increased the number of shares included in his total post-transaction ownership figure of 14,647.
Was the Universal Corp (UVV) director award made under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirmatively under a trading plan. The filing describes the transaction as an award of restricted stock units for service as a director rather than a trade executed under a pre-arranged Rule 10b5-1 plan.