Universal VP surrenders shares for tax withholding
Universal Corp VP & Controller Scott J. Bleicher reported a routine tax-withholding share disposition.
Rhea-AI Filing Summary
Universal Corp VP & Controller Scott J. Bleicher reported a routine tax-withholding share disposition. On June 1, 2026, 882 shares of common stock were surrendered to Universal Corp at $54.13 per share to cover withholding taxes on previously granted restricted stock units that vested that day.
After this transaction, Bleicher directly holds 17,072 common shares, which include 8,040 restricted stock units and 396 dividend equivalent units. This event reflects tax-related settlement of equity compensation rather than an open-market sale.
Insider Trade Summary
Exercise Price or Tax Liability: 882 shares
Exercise Price or Tax Liability
1 txn
Insider
Bleicher Scott J
Role
VP & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 882 | $54.13 | $48K |
Holdings After Transaction:
Common Stock — 17,072 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 8,040 restricted stock units and 396 dividend equivalent units earned on the restricted stock units.
Key Figures
Tax-withholding shares: 882 shares
Tax-withholding price: $54.13 per share
Post-transaction holdings: 17,072 shares
+2 more
5 metrics
Tax-withholding shares
882 shares
Common stock surrendered on June 1, 2026 for taxes
Tax-withholding price
$54.13 per share
Value used for 882-share tax-withholding disposition
Post-transaction holdings
17,072 shares
Total common shares directly held after the transaction
Restricted stock units
8,040 RSUs
Restricted stock units included in total holdings
Dividend equivalent units
396 units
Dividend equivalent units tied to the RSUs
Key Terms
restricted stock units, dividend equivalent units, withholding taxes, tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"withholding taxes relating to previously granted restricted stock units that vested on June 1, 2026"
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 8,040 restricted stock units and 396 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.
withholding taxes financial
"surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units"
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"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did UVV executive Scott J. Bleicher report?
Scott J. Bleicher reported surrendering 882 Universal Corp shares to cover tax withholding. The shares were used to satisfy taxes on restricted stock units that vested on June 1, 2026, rather than being sold in the open market.
Was the UVV insider transaction by Scott J. Bleicher an open-market sale?
No, the transaction was not an open-market sale. Bleicher surrendered 882 shares back to Universal Corp to pay withholding taxes tied to restricted stock units that vested, a common administrative step in equity compensation programs.
What types of equity awards does Scott J. Bleicher hold in UVV?
Bleicher holds 8,040 restricted stock units and 396 dividend equivalent units, in addition to other common shares. These awards form part of his equity-based compensation and contributed to the tax obligation settled through the 882-share surrender.
AI-generated analysis. How Rhea-AI works. Not financial advice.
