Universal Corp SVP covers taxes with 733 shares
Universal Corp executive Mckeen Starke reported a routine tax-related share disposition.
Rhea-AI Filing Summary
Universal Corp executive Mckeen Starke reported a routine tax-related share disposition. On June 1, 2026, 733 shares of common stock were surrendered to Universal Corp to cover withholding taxes on previously granted restricted stock units that vested that day.
After this tax-withholding disposition, Starke directly holds 7,603 shares of common stock. This total includes 4,575 restricted stock units and 406 dividend equivalent units tied to those awards, indicating the transaction reflects compensation and tax settlement rather than an open‑market trade.
Insider Trade Summary
Exercise Price or Tax Liability: 733 shares
Exercise Price or Tax Liability
1 txn
Insider
STARKE MCKEEN
Role
Senior VP & Sales Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 733 | $54.13 | $40K |
Holdings After Transaction:
Common Stock — 7,603 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes 4,575 restricted stock units and 406 dividend equivalent units earned on the restricted stock units.
Key Figures
Tax-withholding shares: 733 shares
Price per share: $54.13 per share
Post-transaction holdings: 7,603 shares
+2 more
5 metrics
Tax-withholding shares
733 shares
Common stock surrendered on June 1, 2026
Price per share
$54.13 per share
Value used for tax-withholding disposition
Post-transaction holdings
7,603 shares
Direct ownership after tax-withholding disposition
Restricted stock units
4,575 units
Included within total reported holdings
Dividend equivalent units
406 units
Earned on restricted stock units and included in holdings
Key Terms
restricted stock units, dividend equivalent units, withholding taxes, tax-withholding disposition
4 terms
restricted stock units financial
"Includes 4,575 restricted stock units and 406 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 4,575 restricted stock units and 406 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
"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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for payment of tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Universal Corp (UVV) executive Mckeen Starke report in this Form 4?
Mckeen Starke reported surrendering 733 Universal Corp common shares to the company to pay withholding taxes on vested restricted stock units. This tax-withholding disposition reflects compensation-related share settlement rather than an open-market stock trade.
Was this Universal Corp (UVV) Form 4 an open-market sale by Mckeen Starke?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were surrendered to Universal Corp to cover withholding taxes on vested restricted stock units, a common mechanism for handling tax obligations on equity compensation.
What are restricted stock units mentioned in the Universal Corp (UVV) filing?
Restricted stock units are share-based compensation that typically vest over time, granting shares when vesting conditions are met. In this filing, previously granted restricted stock units vested on June 1, 2026, triggering tax withholding satisfied by surrendering 733 Universal Corp shares.
What are dividend equivalent units in the Universal Corp (UVV) Form 4 footnotes?
Dividend equivalent units track dividends on unvested restricted stock units as if they were actual shares. The footnote states Mckeen Starke’s holdings include 406 dividend equivalent units earned on 4,575 restricted stock units, contributing to the 7,603 total reported shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
