---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-104950"
form_type: "8-K/A"
ticker: "UVV"
cik: "0000102037"
company_name: "UNIVERSAL CORP /VA/"
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T22:57:48.734448+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Universal Corp details CEO compensation changes for Wigner and Freeman retirement

## Summary
- Preston Wigner's base salary set at $800,000; target bonus at 100% of salary.
- Wigner receives annual LTI target award of $1.6M and a one-time RSU top-up grant of ~$2M vesting over 3 years.
- George Freeman's base salary adjusted to $670,000 through Dec 31, 2024; eligible for prorated FY2025 bonus.
- Freeman receives $140,000 lump sum for Senior Advisor role through March 31, 2025.
- Compensation changes approved by Compensation Committee on Sep 25, 2024; effective Oct 1, 2024.

## SEC filing metadata
- accession: 0001104659-24-104950
- form_type: 8-K/A
- ticker: UVV
- cik: 0000102037
- company_name: UNIVERSAL CORP /VA/
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102037/000110465924104950/0001104659-24-104950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102037/000110465924104950/tm2425319d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-104950
- JSON: https://secwatch.observer/filing/0001104659-24-104950.json
- Plain text: https://secwatch.observer/filing/0001104659-24-104950.txt

## Key facts
- Executive change
  Preston D. Wigner was named as Chairman of the Board, President and Chief Executive Officer at UNIVERSAL CORP /VA/.
  - Action: named
  - Role: Chairman of the Board, President and Chief Executive Officer
  source text: the Board of Directors (the “Board”) of the Company named Preston D. Wigner, Senior Vice President, as Chairman of the Board (“Chairman”), President and Chief Executive Officer of the Company (the “Appointment”), effective October 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/102037/000110465924104950/0001104659-24-104950-index.htm
- Executive change
  George C. Freeman, III departed as Chairman, President and Chief Executive Officer at UNIVERSAL CORP /VA/.
  - Action: retire
  - Role: Chairman, President and Chief Executive Officer
  source text: George C. Freeman, III, will retire as Chairman, President and Chief Executive Officer and as a member of the Board on the Effective Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/102037/000110465924104950/0001104659-24-104950-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.