Universal CEO gets stock grants, pays taxes in shares

Universal Corp (UVV) Chairman, President & CEO Preston Douglas Wigner reported routine equity compensation and related tax withholding.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Universal Corp (UVV) Chairman, President & CEO Preston Douglas Wigner reported routine equity compensation and related tax withholding. He received two grants of common stock totaling 25,326 shares, including restricted stock units that vest on the third anniversary of the award date and previously granted performance shares that vested on June 2, 2026. To cover withholding taxes on the vested performance shares, 2,001 shares were surrendered back to the company. These transactions are compensation- and tax-related, not open-market buying or selling.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Wigner Preston Douglas

Role Chairman, President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	20,890	$0.00	$0.00
Grant/Award	Common Stock	4,436	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,001	$54.38	$109K

Holdings After Transaction: Common Stock — 127,253 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 65,656 restricted stock units and 5,182 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: 2,001 shares Restricted stock unit grant: 4,436 shares Performance share vesting: 20,890 shares +3 more

6 metrics

Tax-withholding shares 2,001 shares Common stock surrendered for withholding taxes at $54.38 per share

Restricted stock unit grant 4,436 shares Common stock awarded at $0.00 per share, vests after three years

Performance share vesting 20,890 shares Common stock from previously granted performance shares vested on June 2, 2026

RSUs outstanding 65,656 units Restricted stock units held by CEO as noted in footnote

Dividend equivalent units 5,182 units Dividend equivalents earned on restricted stock units

Tax-withholding value $54.38/share Price used for 2,001 surrendered shares to satisfy withholding taxes

Key Terms

restricted stock units, dividend equivalent units, performance shares, withholding taxes

4 terms

restricted stock units financial

"Award of restricted stock units. The restricted stock units vest on the third anniversary"

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 65,656 restricted stock units and 5,182 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.

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"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did UVV CEO Preston Douglas Wigner report?

He reported equity compensation awards and related tax withholding. The CEO received two stock grants totaling 25,326 shares and surrendered 2,001 shares back to Universal Corp to satisfy withholding taxes on vested performance shares, with no open-market buying or selling involved.

How many Universal Corp (UVV) shares were granted to the CEO in this filing?

The filing shows grants totaling 25,326 common shares. These include 4,436 shares from a restricted stock unit award and 20,890 shares from previously granted performance shares that vested on June 2, 2026, all recorded as non-cash compensation awards.

What is the purpose of the 2,001 UVV shares surrendered by the CEO?

The 2,001 shares were surrendered to Universal Corp to cover withholding taxes. They relate to previously granted performance shares that vested on June 2, 2026, and represent a tax-withholding disposition rather than an open-market sale of stock by the CEO.

When do the new restricted stock units for UVV’s CEO vest?

The new restricted stock units vest on the third anniversary of the award date. Until vesting, they function as a promise of future shares, aligning the CEO’s compensation with longer-term company performance and retention objectives at Universal Corp.

Does this UVV Form 4 indicate the CEO bought or sold shares on the market?

No open-market trades are reported in this Form 4. The transactions consist of stock-based compensation grants and a surrender of shares to pay withholding taxes on vested performance shares, which is a standard non-market mechanism rather than a discretionary stock trade.

How many restricted and dividend equivalent units does the UVV CEO now hold?

A footnote states his holdings include 65,656 restricted stock units and 5,182 dividend equivalent units. These units represent additional stock-based compensation that may convert into common shares over time, separate from the shares reported in the main transaction table.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/04/2026 - 06:10 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^*

Wigner Preston Douglas

(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)
	Chairman, President & CEO

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		20,890⁽¹⁾	A	$0	124,818⁽²⁾	D
Common Stock	06/02/2026		A		4,436⁽³⁾	A	$0	129,254⁽²⁾	D
Common Stock	06/02/2026		F		2,001⁽⁴⁾	D	$54.38	127,253⁽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 65,656 restricted stock units and 5,182 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	06/04/2025
	** 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