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Universal Corp (UVV) SVP surrenders 733 shares for RSU tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider STARKE MCKEEN
Role Senior VP & Sales Director
Type Security Shares Price Value
Tax Withholding Common Stock 733 $54.13 $40K
Holdings After Transaction: Common Stock — 7,603 shares (Direct, null)
Footnotes (1)
  1. 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. Includes 4,575 restricted stock units and 406 dividend equivalent units earned on the restricted stock units.
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
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior VP & Sales Director
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026F733(1)D$54.137,603(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. Includes 4,575 restricted stock units and 406 dividend equivalent units earned on the restricted stock units.
/s/ Catherine H. Claiborne, attorney-in-fact06/03/2026
** Signature of Reporting PersonDate
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 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.

How many Universal Corp (UVV) shares were used for tax withholding?

The filing shows 733 shares of Universal Corp common stock were surrendered at $54.13 per share to satisfy withholding taxes. These shares relate to previously granted restricted stock units that vested on June 1, 2026, rather than a discretionary sale on the open market.

How many Universal Corp (UVV) shares does Mckeen Starke hold after the transaction?

After the tax-withholding disposition, Mckeen Starke directly holds 7,603 Universal Corp common shares. This total includes 4,575 restricted stock units and 406 dividend equivalent units tied to those restricted stock awards, as noted in the Form 4 footnotes.

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.