Universal Management

Management criteria checks 4/4

Universal's CEO is Preston Wigner, appointed in Apr 2024, has a tenure of less than a year. total yearly compensation is $1.55M, comprised of 30.6% salary and 69.4% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth $1.90M. The average tenure of the management team and the board of directors is 5.4 years and 9.8 years respectively.

Key information

Preston Wigner

Chief executive officer

US$1.6m

Total compensation

CEO salary percentage	30.6%
CEO tenure	less than a year
CEO ownership	0.1%
Management average tenure	5.4yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Preston Wigner's remuneration changed compared to Universal's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$122m
Mar 31 2024	US$2m	US$476k	US$120m
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$1m	US$455k	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$1m	US$433k	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$1m	US$427k	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$1m	US$419k	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$1m	US$406k	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$1m	US$398k	US$106m

Compensation vs Market: Preston's total compensation ($USD1.55M) is about average for companies of similar size in the UK market ($USD2.14M).

Compensation vs Earnings: Preston's compensation has been consistent with company performance over the past year.

CEO

Preston Wigner (55 yo)

less than a year

Tenure

US$1,554,763

Compensation

Mr. Preston Douglas Wigner serves as President, CEO & Chairman of Universal Corporation since October 01, 2024. He had been the General Counsel and Secretary of Universal Corporation since November 2, 2005...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Preston Wigner	President	less than a year	US$1.55m	0.14% $ 1.9m
Johan Kroner	Senior VP & CFO	6.2yrs	US$1.98m	0.095% $ 1.3m
Airton Hentschke	COO & Senior VP	9.6yrs	US$2.68m	0.28% $ 3.9m
J. O'Keefe	Senior Vice President of Universal Global Ventures	4.6yrs	US$1.16m	no data
Catherine Claiborne	VP, General Counsel & Secretary	less than a year	no data	0.048% $ 654.4k
Harvard Smith	VP & Chief Compliance Officer	no data	no data	no data
McKeen Starke	Senior VP & Sales Director	1.3yrs	no data	0.0066% $ 90.6k
Theodore Broome	Executive VP & Sales Director of Universal Leaf Tobacco Company Inc	12.1yrs	US$1.52m	0.078% $ 1.1m
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	12.6yrs	no data	0.052% $ 719.6k
Scott Bleicher	VP & Controller	5.4yrs	no data	0.018% $ 245.4k

5.4yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 0LJD's management team is seasoned and experienced (5.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Preston Wigner	President	less than a year	US$1.55m	0.14% $ 1.9m
Thomas Johnson	Lead Independent Director	23.8yrs	US$268.13k	0.11% $ 1.5m
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	15.3yrs	US$243.26k	0.062% $ 846.4k
Lennart Freeman	Independent Director	11.3yrs	US$237.63k	0.070% $ 966.3k
George Freeman	Vice Chairman	17yrs	US$5.28m	0.86% $ 11.8m
Thomas Tullidge	Independent Director	6.3yrs	US$232.13k	0.058% $ 791.4k
Diana Cantor	Independent Director	12.8yrs	US$240.13k	0.090% $ 1.2m
Michael Lawton	Independent Director	8.3yrs	US$249.63k	0.070% $ 963.8k
Jacqueline Williams	Independent Director	4.6yrs	US$232.13k	0.046% $ 627.5k
Arthur Schick	Independent Director	1.6yrs	US$251.54k	0.014% $ 198.1k

9.8yrs

Average Tenure

71yo

Average Age

Experienced Board: 0LJD's board of directors are considered experienced (9.8 years average tenure).

Universal Management

Management criteria checks 4/4

Key information

Recent management updates

Universal Corporation Announces Chief Executive Officer Changes

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

Recent updates

Universal Corporation announced delayed 10-Q filing

First quarter dividend of US$0.81 announced

Universal Corporation Declares Quarterly Dividend, Payable on February 3, 2025

Upcoming dividend of US$0.81 per share

Universal Corporation Announces Chief Executive Officer Changes

First quarter dividend of US$0.81 announced

First quarter 2025 earnings released: EPS: US$0.005 (vs US$0.083 loss in 1Q 2024)

Universal Corporation Announces Quarterly Dividend, Payable on November 4, 2024

Universal Corporation to Report Q1, 2025 Results on Aug 07, 2024

Fourth quarter dividend of US$0.81 announced

Full year 2024 earnings released: EPS: US$4.81 (vs US$5.01 in FY 2023)

Universal Corporation Declares a Quarterly Dividend, Payable on August 5, 2024

Universal Corporation to Report Fiscal Year 2024 Results on May 22, 2024

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