Claiborne Catherine H 4

What Happened

• Catherine Claiborne, VP, General Counsel & Secretary of Universal Corp (UVV), was granted a total of 10,393 restricted stock units (7,980 + 2,413) on June 2, 2026 (awards reported at $0.00). On the same date, 1,041 shares were surrendered/disposed to satisfy tax withholding for previously vested performance shares (disposed at $54.38 per share, totaling $56,610).
• The RSU grants are awards (not purchases) and will vest per the company schedule (see Key Details). The share surrender was a tax-withholding action rather than an open-market sale.

Key Details

• Transaction date: June 2, 2026.
  • Awards: 7,980 RSUs @ $0.00 and 2,413 RSUs @ $0.00 (acquired as awards).
  • Tax withholding/disposal: 1,041 shares @ $54.38 = $56,610 (disposed).
• Vesting/tax notes:
  • F1: RSUs vest on the third anniversary of the award date.
  • F3: The surrendered shares relate to previously granted performance shares that vested on June 2, 2026.
  • F4: Shares were surrendered to the company to satisfy withholding taxes (routine tax withholding).
  • F2: Form notes holdings include 14,960 restricted stock units and 671 dividend equivalent units earned on RSUs.
• Filing timeliness: No late-filing flag reported in the provided data.

Context

• RSU grants are a form of compensation and are not immediate purchases—value is realized when/if they vest and convert to shares.
• The surrender of shares to cover withholding is a common administrative action and does not necessarily signal a market-driven sale.
• For retail investors, awards show management compensation alignment with shareholders; the meaningful detail here is the size of the RSU grant and that performance shares vested, triggering tax withholding.