Universal Management

Management criteria checks 2/4

Universal's CEO is George Freeman, appointed in Dec 2006, has a tenure of 17.33 years. total yearly compensation is $4.83M, comprised of 21.3% salary and 78.7% bonuses, including company stock and options. directly owns 0.74% of the company’s shares, worth $9.28M. The average tenure of the management team and the board of directors is 9 years and 10.7 years respectively.

Key information

George Freeman

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	21.3%
CEO tenure	17.3yrs
CEO ownership	0.7%
Management average tenure	9yrs
Board average tenure	10.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Freeman's remuneration changed compared to Universal's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$133m
Sep 30 2023	n/a	n/a	US$121m
Jun 30 2023	n/a	n/a	US$115m
Mar 31 2023	US$5m	US$1m	US$124m
Dec 31 2022	n/a	n/a	US$96m
Sep 30 2022	n/a	n/a	US$89m
Jun 30 2022	n/a	n/a	US$87m
Mar 31 2022	US$4m	US$979k	US$87m
Dec 31 2021	n/a	n/a	US$100m
Sep 30 2021	n/a	n/a	US$99m
Jun 30 2021	n/a	n/a	US$86m
Mar 31 2021	US$5m	US$964k	US$87m
Dec 31 2020	n/a	n/a	US$64m
Sep 30 2020	n/a	n/a	US$56m
Jun 30 2020	n/a	n/a	US$77m
Mar 31 2020	US$5m	US$946k	US$72m
Dec 31 2019	n/a	n/a	US$87m
Sep 30 2019	n/a	n/a	US$90m
Jun 30 2019	n/a	n/a	US$93m
Mar 31 2019	US$5m	US$918k	US$104m
Dec 31 2018	n/a	n/a	US$103m
Sep 30 2018	n/a	n/a	US$121m
Jun 30 2018	n/a	n/a	US$115m
Mar 31 2018	US$4m	US$900k	US$106m

Compensation vs Market: George's total compensation ($USD4.83M) is above average for companies of similar size in the UK market ($USD2.33M).

Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.

CEO

George Freeman (60 yo)

17.3yrs

Tenure

US$4,832,074

Compensation

Mr. George C. Freeman, III, has been Chairman of Universal Corporation since August 5, 2008. He joined the Universal Corporation in 1997. Mr. Freeman has been Chief Executive Officer of Universal Corporati...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Freeman	Chairman	17.3yrs	US$4.83m	0.74% $ 9.3m
Johan Kroner	Senior VP & CFO	5.6yrs	US$1.79m	0.051% $ 634.9k
Airton Hentschke	COO & Senior VP	9yrs	US$2.54m	0.22% $ 2.7m
Preston Wigner	Senior Vice President	no data	US$1.43m	0.11% $ 1.3m
Theodore Broome	Executive VP & Sales Director of Universal Leaf Tobacco Company Inc	11.5yrs	US$1.52m	0.078% $ 978.4k
Harvard Smith	VP & Chief Compliance Officer	no data	no data	no data
Steven Diel	Vice President of Business Development	no data	no data	0.016% $ 203.2k
Joseph Hearington	Vice President of Internal Auditing	no data	no data	no data
Beth Luther	Vice President of Taxes	no data	no data	no data
Candace Formacek	VP & Treasurer	12yrs	no data	0.053% $ 656.5k
Scott Bleicher	VP & Controller	4.8yrs	no data	0.0055% $ 69.2k
McKeen Starke	Member of Compliance Committee	no data	no data	0.0044% $ 54.9k

9.0yrs

Average Tenure

55yo

Average Age

Experienced Management: 0LJD's management team is seasoned and experienced (9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Freeman	Chairman	16.4yrs	US$4.83m	0.74% $ 9.3m
Thomas Johnson	Lead Independent Director	23.3yrs	US$238.93k	0.10% $ 1.3m
Henry Harrell	Chairman Emeritus	no data	US$1.82m	no data
Allen King	Chairman Emeritus	no data	US$117.00k	no data
Robert Sledd	Independent Director	14.7yrs	US$214.24k	0.051% $ 631.9k
Lennart Freeman	Independent Director	10.7yrs	US$215.49k	0.059% $ 741.4k
Thomas Tullidge	Independent Director	5.7yrs	US$211.52k	0.047% $ 581.8k
Diana Cantor	Independent Director	12.3yrs	US$215.81k	0.080% $ 995.0k
Michael Lawton	Independent Director	7.7yrs	US$226.93k	0.059% $ 739.1k
Jacqueline Williams	Independent Director	4yrs	US$206.62k	0.031% $ 387.0k
Arthur Schick	Independent Director	less than a year	no data	no data

10.7yrs

Average Tenure

69.5yo

Average Age

Experienced Board: 0LJD's board of directors are seasoned and experienced ( 10.7 years average tenure).

Universal Management

Management criteria checks 2/4

Key information

Recent management updates

Universal Corporation Announces Management Changes

VP & Treasurer recently sold US$207k worth of stock

COO & Senior VP recently sold US$225k worth of stock

VP, General Counsel & Secretary recently sold US$159k worth of stock

Universal Corporation, Annual General Meeting, Aug 01, 2023

Insufficient new directors

Recent updates

Upcoming dividend of US$0.80 per share

New major risk - Financial position

Universal Corporation Announces Quarterly Dividend, Payable on May 6, 2024

Universal Corporation to Report Q3, 2024 Results on Feb 07, 2024

Upcoming dividend of US$0.80 per share at 4.8% yield

Universal Corporation Announces Management Changes

VP & Treasurer recently sold US$207k worth of stock

COO & Senior VP recently sold US$225k worth of stock

Investor sentiment improves as stock rises 17%

Universal Corporation Announces Quarterly Dividend, Payable on February 5, 2024

Second quarter 2024 earnings released: EPS: US$1.13 (vs US$0.88 in 2Q 2023)

Universal Corporation to Report Q2, 2024 Results on Nov 02, 2023

Upcoming dividend of US$0.80 per share at 6.8% yield

First quarter 2024 earnings released: US$0.083 loss per share (vs US$0.28 profit in 1Q 2023)

Universal Corporation Declares Quarterly Dividend on Common Shares, Payable on November 6, 2023

Universal Corporation to Report Q1, 2024 Results on Aug 02, 2023

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.80 per share at 6.4% yield

Now 20% undervalued

VP, General Counsel & Secretary recently sold US$159k worth of stock

Full year 2023 earnings released: EPS: US$5.01 (vs US$3.50 in FY 2022)

Universal Corporation, Annual General Meeting, Aug 01, 2023

Universal Corporation to Report Fiscal Year 2023 Results on May 24, 2023

Insufficient new directors

Upcoming dividend of US$0.79 per share at 6.1% yield

Now 20% undervalued after recent price drop

Insider recently sold US$267k worth of stock

Third quarter 2023 earnings released: EPS: US$1.68 (vs US$1.41 in 3Q 2022)

An unknown buyer acquired Idled Tanzania operations of Universal Corporation.

Universal Corporation Announces Quarterly Dividend, Payable on May 1, 2023

Universal Corporation to Report Q3, 2023 Results on Feb 01, 2023

Now 20% undervalued

Upcoming dividend of US$0.79 per share

Now 20% undervalued

Insufficient new directors

Second quarter 2023 earnings released: EPS: US$0.88 (vs US$0.79 in 2Q 2022)

Universal Corporation (NYSE:UVV) announces an Equity Buyback.

Universal Corporation to Report Q2, 2023 Results on Nov 03, 2022

Upcoming dividend of US$0.79 per share

Independent Director recently sold US$72k worth of stock

First quarter 2023 earnings released: EPS: US$0.28 (vs US$0.26 in 1Q 2022)

Universal Corporation Announces Quarterly Dividend, Payable on November 7, 2022

Universal Corporation to Report Q1, 2023 Results on Aug 03, 2022

Upcoming dividend of US$0.79 per share

VP, General Counsel & Secretary recently sold US$225k worth of stock

VP, General Counsel & Secretary recently sold US$253k worth of stock

Independent Director recently sold US$128k worth of stock

Full year 2022 earnings released: EPS: US$3.50 (vs US$3.55 in FY 2021)

Universal Corporation Declares Quarterly Dividend, Payable on August 1, 2022

Universal Corporation to Report Fiscal Year 2022 Results on May 25, 2022

Insufficient new directors

Upcoming dividend of US$0.78 per share

Insufficient new directors

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Universal Corporation Announces Impairment Results for the Third Quarter Ended December 31, 2021

Upcoming dividend of US$0.78 per share

Insufficient new directors

Second quarter 2022 earnings released: EPS US$0.79 (vs US$0.30 in 2Q 2021)

Universal Corporation (NYSE:UVV) entered into a definitive agreement to acquire Shanks Extracts, Inc from Jeffrey F. Lehman for approximately $100 million.

First quarter 2022 earnings released: EPS US$0.26 (vs US$0.30 in 1Q 2021)

Upcoming dividend of US$0.78 per share

VP & Treasurer recently sold US$136k worth of stock

COO & Senior VP recently sold US$455k worth of stock

Independent Director recently sold US$259k worth of stock

Full year 2021 earnings released: EPS US$3.55 (vs US$2.87 in FY 2020)

Universal Corporation Declares Quarterly Dividend, Payable on August 2, 2021

Upcoming dividend of US$0.77 per share

Insider recently sold US$258k worth of stock

Third quarter 2021 earnings released: EPS US$1.35 (vs US$1.04 in 3Q 2020)