CFO Steven Diel of Universal (NYSE: UVV) surrenders shares to cover taxes

Rhea-AI Filing Summary

Universal Corp Senior VP & CFO Steven S. Diel reported a routine tax-related share disposition. He surrendered 248 shares of common stock to the company at $54.13 per share to cover withholding taxes tied to previously granted restricted stock units that vested on June 1, 2026.

Following this transaction, Diel directly holds 29,577 shares of Universal common stock, which includes 23,372 restricted stock units and 435 dividend equivalent units. The filing reflects a tax-withholding mechanism rather than an open-market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Diel Steven S.

Role Senior VP & CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	248	$54.13	$13K

Holdings After Transaction: Common Stock — 29,577 shares (Direct, null)

Footnotes (1)

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. Includes 23,372 restricted stock units and 435 dividend equivalent units earned on the restricted stock units.

Key Figures

Tax-withholding shares: 248 shares Tax-withholding share value: $54.13 per share Shares after transaction: 29,577 shares +2 more

5 metrics

Tax-withholding shares 248 shares Common stock surrendered for withholding taxes on June 1, 2026

Tax-withholding share value $54.13 per share Value used for tax-withholding disposition

Shares after transaction 29,577 shares Direct holdings following the tax-withholding disposition

Restricted stock units 23,372 RSUs Restricted stock units included in reported holdings

Dividend equivalent units 435 units Dividend equivalent units earned on restricted stock units

Key Terms

restricted stock units, dividend equivalent units, withholding taxes

3 terms

restricted stock units financial

"Includes 23,372 restricted stock units and 435 dividend equivalent units"

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 23,372 restricted stock units and 435 dividend equivalent 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

"satisfy the withholding taxes relating to previously granted restricted stock units"

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Diel Steven S.

(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)
	Senior VP & CFO

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		248(1)	D	$54.13	29,577(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 23,372 restricted stock units and 435 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)

FAQ

What insider transaction did Universal Corp (UVV) report for Steven S. Diel?

Universal’s Senior VP & CFO Steven S. Diel surrendered 248 common shares to the company to cover withholding taxes on vested restricted stock units. This was a tax-withholding disposition, not an open-market sale, and is typical for equity-based compensation events.

At what price were the 248 Universal Corp (UVV) shares used for tax withholding?

The 248 Universal Corp common shares were valued at $54.13 per share for the tax-withholding disposition. This value is used solely to calculate the tax obligation on vested restricted stock units and does not represent an open-market trade execution.

How many Universal Corp (UVV) shares does Steven S. Diel hold after this Form 4?

After the tax-withholding disposition, Steven S. Diel directly holds 29,577 Universal Corp common shares. This total includes both standard share holdings and unvested or deferred equity awards reflected as restricted stock units and related dividend equivalent units.

What equity awards are included in Steven S. Diel’s Universal Corp (UVV) holdings?

Steven S. Diel’s reported holdings include 23,372 restricted stock units and 435 dividend equivalent units. These awards are part of his equity compensation and represent future or deferred share delivery, separate from already issued common shares he directly owns.

Was the Universal Corp (UVV) Form 4 transaction an open-market sale by the CFO?

No, the transaction was not an open-market sale. The CFO surrendered 248 shares back to Universal Corp to satisfy withholding taxes on vested restricted stock units, a standard non-market mechanism used to handle tax obligations on stock-based compensation.