Universal Corp (UVV) CFO granted stock units and surrenders shares for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Universal Corp (UVV) Senior VP & CFO Steven S. Diel reported equity compensation and related tax withholding in company stock. On June 2, 2026, he received two grants of common stock totaling 5,315 and 463 shares as awards, at a stated transaction price of $0.00 per share.

The filing notes these include restricted stock units and performance shares, with the new restricted stock units vesting on the third anniversary of the award date. On the same date, 183 shares valued at $54.38 per share were surrendered to Universal Corp to satisfy withholding taxes tied to previously granted performance shares that vested.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Diel Steven S.

Role Senior VP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,315	$0.00	--
Grant/Award	Common Stock	463	$0.00	--
Tax Withholding	Common Stock	183	$54.38	$10K

Holdings After Transaction: Common Stock — 34,892 shares (Direct, null)

Footnotes (1)

Award of restricted stock units. The restricted stock units vest on the third anniversary of the award date. Includes 28,687 restricted stock units and 435 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

Shares surrendered for taxes: 183 shares Tax withholding reference price: $54.38 per share Equity award shares: 5,315 shares +3 more

6 metrics

Shares surrendered for taxes 183 shares Common stock surrendered to satisfy withholding taxes on vested performance shares

Tax withholding reference price $54.38 per share Value used for 183 surrendered common shares

Equity award shares 5,315 shares Common stock granted as a performance-related award

Additional equity award 463 shares Common stock granted as a separate award at $0.00 transaction price

Restricted stock units outstanding 28,687 units Restricted stock units included in the executive’s holdings

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

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 of the award date."

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 28,687 restricted stock units and 435 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.

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 relating to previously granted performance shares that vested on June 2, 2026."

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 - 06:11 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^*

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)
06/02/2026

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		5,315⁽¹⁾	A	$0	34,892⁽²⁾	D
Common Stock	06/02/2026		A		463⁽³⁾	A	$0	35,355⁽²⁾	D
Common Stock	06/02/2026		F		183⁽⁴⁾	D	$54.38	35,172⁽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 28,687 restricted stock units and 435 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 Steven S. Diel report?

Steven S. Diel reported routine equity compensation and related tax withholding. He received stock awards of 5,315 and 463 Universal Corp common shares and surrendered 183 shares back to the company to cover withholding taxes on previously granted performance shares that vested.

Were the UVV insider transactions open-market buys or sells?

The reported UVV transactions were not open-market buys or sells. They consist of stock awards granted at a stated price of $0.00 per share and 183 shares surrendered to Universal Corp to satisfy tax withholding obligations on vested performance shares, a non-market disposition.

What types of equity awards did UVV grant to Steven S. Diel?

Universal Corp granted restricted stock units and performance-based shares. One award of restricted stock units vests on the third anniversary of the award date, while previously granted performance shares vested on June 2, 2026, generating both share delivery and associated tax-withholding obligations in company stock.

How many UVV shares were used for tax withholding in this Form 4?

The Form 4 shows 183 Universal Corp common shares surrendered for tax withholding. These shares were delivered back to the company to satisfy withholding taxes arising from previously granted performance shares that vested on June 2, 2026, instead of selling shares on the open market.

Does this UVV Form 4 indicate a change in Steven S. Diel’s ownership strategy?

The Form 4 reflects routine compensation and tax withholding mechanics rather than a strategic shift. It records stock awards and a small share surrender to cover withholding taxes, with no open-market purchases or sales that would signal an active change in ownership approach.

When do the new UVV restricted stock units for Steven S. Diel vest?

The newly awarded restricted stock units for Steven S. Diel vest on the third anniversary of the award date. This means the units convert into shares of Universal Corp common stock after a three-year service period, aligning long-term compensation with continued executive tenure.