O'Keefe John Patrick 4

What Happened
John Patrick O'Keefe, Vice President, Ingredients at Universal Corp (UVV), surrendered 1,685 shares of common stock on June 1, 2026 to satisfy withholding taxes tied to restricted stock units that vested that day. The shares were valued at $54.13 each, for a total of about $91,209. This was a tax-withholding disposition (Form 4 transaction code F), not an open-market sale.

Key Details

• Transaction date: June 1, 2026; reported on Form 4 filed June 3, 2026 (appears timely).
• Shares surrendered: 1,685 at $54.13 per share — total value ~$91,209.
• Vesting referenced: 6,885 restricted stock units plus 663 dividend equivalent units (total 7,548 units) vested on June 1, 2026 (footnotes).
• Implied net shares delivered to the insider after withholding: 7,548 vested units − 1,685 surrendered = 5,863 net shares (based on the filing footnotes).
• Transaction code: F (payment of exercise price or tax liability / tax withholding).
• No evidence this was a market sale or trading for investment; it is a routine tax-withholding action related to RSU vesting.

Context
Surrendering shares to cover taxes is a common administrative step when restricted stock units vest and does not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases by insiders are typically more informative as bullish signals; tax-withholding surrenders are routine and expected when equity awards vest.