secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001104659-23-087282
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000110465923087282/0001104659-23-087282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000110465923087282/tm2322722d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-087282

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