Diel Steven S. 4

What Happened
Steven S. Diel, Senior Vice President & Chief Financial Officer of Universal Corp (UVV), received equity awards on June 2, 2026: two grants totaling 5,778 restricted stock units (5,315 + 463) issued at $0.00. Separately, 183 shares were surrendered/disposed at $54.38 each to satisfy withholding taxes tied to previously granted performance shares, generating proceeds of about $9,952.

Key Details

• Transaction dates: June 2, 2026; Form 4 filed June 4, 2026 (no late filing indicated).
• Awards granted: 5,315 RSUs and 463 RSUs (total 5,778 RSUs) — reported as award/grant (code A).
• Tax withholding/disposition: 183 shares disposed at $54.38 each for tax withholding (code F), proceeds ≈ $9,952.
• Vesting: The RSUs vest on the third anniversary of the award date (per footnote F1).
• Other footnotes: F2 references inclusion of 28,687 RSUs and 435 dividend-equivalent units in reported holdings; F3 notes previously granted performance shares vested on June 2, 2026; F4 confirms shares were surrendered to satisfy withholding on those vested performance shares.
• Shares owned after the transactions are not explicitly stated in the excerpt provided.

Context
These transactions are primarily awards and a routine tax-withholding surrender, not open-market buying or selling for investment. RSU grants are deferred-compensation awards that only convert to shares if/when they vest (here, three years out). The 183-share surrender reflects withholding on vested performance shares (a common administrative action) rather than an active sale indicating sentiment.