Diel Steven S. 4
4 · UNIVERSAL CORP /VA/ · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
UNIVERSAL CORP (UVV) CFO Steven S. Diel Withholds 248 Shares
What Happened
Steven S. Diel, Senior Vice President and Chief Financial Officer of Universal Corp (UVV), surrendered 248 shares on June 1, 2026 to satisfy tax withholding related to restricted stock units that vested the same day. The surrendered shares were valued at $54.13 each, totaling approximately $13,424. This was a tax-withholding share surrender (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-06-01; Price per share: $54.13; Shares surrendered: 248; Total value: $13,424 (approx).
- Transaction code: F — shares surrendered to satisfy tax withholding on vested RSUs (footnote F1).
- Reported holdings note (footnote F2): holdings include 23,372 restricted stock units and 435 dividend equivalent units earned on those RSUs.
- Filing: Form 4 was filed on 2026-06-03 for the June 1 transaction (timely filing; no late-file flag reported).
Context
This was a routine cashless share surrender to cover withholding taxes on vested restricted stock units, not a discretionary sale or purchase. Such withholding transactions are common when equity awards vest and generally do not indicate a change in the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-06-01$54.13/sh−248$13,424→ 29,577 total
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 23,372 restricted stock units and 435 dividend equivalent units earned on the restricted stock units.