Universal Corp (UVV) awards director Lennart R. Freeman 2,650 restricted stock units
Rhea-AI Filing Summary
Freeman Lennart R. reported acquisition or exercise transactions in this Form 4 filing.
Universal Corp (UVV) director Lennart R. Freeman received a grant of 2,650 restricted stock units for service as a director on August 4, 2026. These units vest on the first anniversary of the award date. Following this award, he holds 18,717 shares and units in total, including shares from dividend equivalent units and the 2,650 restricted stock units reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,650 shares
Net Buy
1 txn
Insider
Freeman Lennart R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,650 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 18,717 shares (Direct)
Footnotes (2)
- F1. Award of 2,650 restricted stock units for service as a director. The restricted stock units vest on the first anniversary of the award date.
- F2. Includes shares resulting from dividend equivalent units earned on restricted stock units that vested on August 5, 2026. Includes 2,650 restricted stock units as of the date this Form 4 is filed.
Key Figures
Restricted stock units granted: 2,650 units
Transaction price per unit: $0.00 per unit
Holdings after transaction: 18,717 shares and units
3 metrics
Restricted stock units granted
2,650 units
Equity award for service as a director on August 4, 2026
Transaction price per unit
$0.00 per unit
Compensation-related award, not a market purchase
Holdings after transaction
18,717 shares and units
Includes dividend equivalent shares and 2,650 restricted stock units as of the reporting date
Key Terms
restricted stock units, dividend equivalent units, Rule 10b5-1
3 terms
restricted stock units financial
"Award of 2,650 restricted stock units for service as a director."
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 shares resulting from dividend equivalent units earned on 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.
Rule 10b5-1 financial
"The Rule 10b5-1 checkbox is not marked as affirming plan use."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Universal Corp (UVV) director Lennart R. Freeman receive?
Lennart R. Freeman received an award of 2,650 restricted stock units for his service as a director. The units are a form of stock-based compensation that convert into common shares upon vesting, aligning his interests with Universal Corp shareholders.
When do Lennart R. Freeman’s new restricted stock units at UVV vest?
The 2,650 restricted stock units granted to Lennart R. Freeman vest on the first anniversary of the August 4, 2026 award date. Vesting means the units convert into shares of Universal Corp common stock that he fully owns.
Was Lennart R. Freeman’s Universal Corp (UVV) equity award a market purchase?
No. The transaction is coded as a grant or award acquisition of 2,650 restricted stock units at a price of $0.00 per unit. This indicates a compensation-related award rather than an open-market stock purchase.
Is Lennart R. Freeman’s UVV stock grant under a Rule 10b5-1 trading plan?
The report’s Rule 10b5-1 checkbox is not marked as affirming plan use, indicating the grant is not reported as made under a pre-arranged 10b5-1 trading plan. It appears as standard director compensation.