Universal Corp approves 2023 Stock Incentive Plan; authorizes 1.25M new shares

UNIVERSAL CORP /VA/

Shareholders approved the 2023 Plan at the August 1, 2023 annual meeting, replacing the 2017 Plan.
Plan authorizes 1,250,000 new shares of common stock plus forfeited shares from the prior plan.
No further awards will be granted under the 2017 Plan after August 1, 2023; outstanding awards remain.
Grants may include stock options, SARs, stock awards, stock units, and incentive awards until August 1, 2033.
All awards subject to clawback policy; Compensation Committee administers the plan.

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