What does the 484-share disposition in McKeen Starke’s UVV filing represent?

The 484-share disposition reflects shares of UNIVERSAL CORP /VA/ common stock surrendered back to the company at $54.38 per share to satisfy withholding taxes on performance shares that vested on June 2, 2026, not an open-market sale.

Universal Corp (NYSE: UVV) executive awarded shares, surrenders stock for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

UNIVERSAL CORP /VA/ senior executive reports equity awards and tax withholding. Senior VP & Sales Director McKeen Starke received two stock grants totaling 4,081 shares of common stock on June 2, 2026, recorded at a price of $0.00 per share as compensation-related awards.

On the same date, 484 shares were surrendered at $54.38 per share to cover withholding taxes tied to previously granted performance shares that vested. Footnotes explain that the awards include restricted stock units and dividend equivalent units that vest on the third anniversary, making these transactions routine incentive compensation and tax-settlement events rather than open-market trades.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider STARKE MCKEEN

Role Senior VP & Sales Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,960	$0.00	--
Grant/Award	Common Stock	1,121	$0.00	--
Tax Withholding	Common Stock	484	$54.38	$26K

Holdings After Transaction: Common Stock — 10,563 shares (Direct, null)

Footnotes (1)

Award of restricted stock units. The restricted stock units vest on the third anniversary of the award date. Includes 7,535 restricted stock units and 406 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: 484 shares at $54.38 First stock grant: 1,121 shares at $0.00 Second stock grant: 2,960 shares at $0.00 +4 more

7 metrics

Tax-withholding shares 484 shares at $54.38 Shares surrendered to satisfy withholding taxes on vested performance shares

First stock grant 1,121 shares at $0.00 Non-derivative grant/award acquisition of common stock on June 2, 2026

Second stock grant 2,960 shares at $0.00 Additional non-derivative grant/award acquisition on June 2, 2026

Tax-withholding total 484 shares Total tax-withholding shares in transaction summary

Holdings after one grant 11,684 shares Total shares of common stock following the 1,121-share grant

Restricted stock units 7,535 RSUs Restricted stock units referenced in footnote as part of reported holdings

Dividend equivalent units 406 units Dividend equivalent units earned on restricted stock units per footnote

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"

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 7,535 restricted stock units and 406 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.

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

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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^*

STARKE MCKEEN

(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 & Sales Director

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		2,960⁽¹⁾	A	$0	10,563⁽²⁾	D
Common Stock	06/02/2026		A		1,121⁽³⁾	A	$0	11,684⁽²⁾	D
Common Stock	06/02/2026		F		484⁽⁴⁾	D	$54.38	11,200⁽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 7,535 restricted stock units and 406 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 McKeen Starke report on June 2, 2026?

McKeen Starke reported receiving two stock grants totaling 4,081 shares of UNIVERSAL CORP /VA/ common stock and surrendering 484 shares to cover tax withholding related to previously granted performance shares that vested on June 2, 2026.

Were McKeen Starke’s UVV transactions open-market buys or sells?

The filing shows no open-market buys or sells. Starke received stock as compensation grants and surrendered 484 shares to UNIVERSAL CORP /VA/ solely to satisfy withholding taxes on previously granted performance shares that vested on June 2, 2026.

How many UVV shares were granted to McKeen Starke in this Form 4?

The Form 4 reports two non-derivative acquisitions: one grant of 1,121 shares and another grant of 2,960 shares of UNIVERSAL CORP /VA/ common stock, both recorded at a transaction price of $0.00 per share as equity compensation awards.

What do the restricted stock unit footnotes mean in the UVV Form 4?

Footnotes state that the award consists of restricted stock units vesting on the third anniversary of the award date and includes 7,535 restricted stock units plus 406 dividend equivalent units, clarifying that portions of Starke’s reported holdings are unvested equity-based incentives.