Officer Files Intent to Sell $1.75M in Stock Awards
UVV is trading near its 52-week low of $49.19 (8.0% above the low).
Summary
An officer at Universal Corp intends to sell $1.75 million in company stock, primarily from past stock awards, following recent negative financial results.
Key Events · Ownership and Investor Activity · UVV
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Officer Intent to Sell Shares
Johan C. Kroner, an officer, filed a Form 144 indicating an intent to sell 33,250 shares of common stock.
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Significant Value
The proposed sale has an approximate market value of $1,745,625.00.
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Origin of Shares
The shares intended for sale were primarily acquired through stock awards dating back to 2017.
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Context of Recent Financials
This filing follows the company's recent announcement of a significant Q4 net loss and a material weakness in internal controls.
Analysis · UVV · Trade & Services
Johan C. Kroner, an officer at Universal Corp, has filed a Form 144 indicating an intent to sell approximately $1.75 million worth of common stock. This proposed sale represents a notable disposition of shares, particularly as it follows the company's recent report of a significant Q4 net loss and a material weakness in internal controls. The shares intended for sale were primarily acquired through stock awards over several years.
At the time of this filing, UVV was trading at $53.11 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $49.19 to $62.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.