secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K/A
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001104659-24-104950
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Universal Corp details CEO compensation changes for Wigner and Freeman retirement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000110465924104950/0001104659-24-104950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000110465924104950/tm2425319d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-104950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer