Director Sledd sells 2,845 Universal (NYSE: UVV) shares in open trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNIVERSAL CORP /VA/ director Robert C. Sledd reported an open-market sale of common stock. On June 3, 2026, he sold 2,845 shares at $54.125 per share. After this transaction, he directly owns 11,959 shares, which include 2,290 restricted stock units, 1,950 shares of restricted stock and 106 dividend equivalent units tied to those awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,845 shares ($153,986)
Net Sell
1 txn
Insider
SLEDD ROBERT C
Role
null
Sold
2,845 shs ($154K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,845 | $54.125 | $154K |
Holdings After Transaction:
Common Stock — 11,959 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,845 shares
Sale price: $54.125 per share
Shares held after sale: 11,959 shares
+3 more
6 metrics
Shares sold
2,845 shares
Open-market sale of common stock on June 3, 2026
Sale price
$54.125 per share
Price for the 2,845 sold shares
Shares held after sale
11,959 shares
Direct ownership following the June 3, 2026 transaction
Restricted stock units
2,290 units
RSUs included within post-transaction holdings
Restricted stock
1,950 shares
Restricted stock included within post-transaction holdings
Dividend equivalent units
106 units
Dividend equivalents earned on restricted stock units
Key Terms
open-market sale, restricted stock units, restricted stock, dividend equivalent units
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
restricted stock units financial
"Includes 2,290 restricted stock units, 1,950 shares of restricted stock"
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.
restricted stock financial
"Includes 2,290 restricted stock units, 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.
dividend equivalent units financial
"and 106 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.
FAQ
What insider transaction did UVV director Robert C. Sledd report?
Robert C. Sledd reported an open-market sale of Universal Corp (UVV) common stock. He sold 2,845 shares on June 3, 2026 at a price of $54.125 per share, according to the Form 4 filing.
What types of equity awards are included in Sledd’s UVV holdings?
His reported 11,959-share position in Universal Corp (UVV) includes 2,290 restricted stock units, 1,950 shares of restricted stock, and 106 dividend equivalent units. These awards are part of his overall equity-based compensation holdings.
Was the UVV insider transaction an open-market sale or another type?
The Universal Corp (UVV) insider transaction was an open-market sale of common stock. The Form 4 lists transaction code “S” and describes it as a sale in an open market or private transaction, not a grant or option exercise.