Universal CEO George Freeman's 2019 pay jumps 44% to $5.3M
Universal reports 2019 executive compensation
By ExecPay News
Published: July 24, 2019
Universal reported fiscal year 2019 executive compensation information on July 24, 2019.
In 2019, six Universal executives received on average a compensation package of $2.1M, a 7% increase compared to previous year.
Average pay of disclosed executives at Universal
George C. Freeman, III, Chief Executive Officer, received $5.3M in total, which increased by 44% compared to 2018. 43% of Freeman's compensation, or $2.3M, was in stock awards. Freeman also received $985K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $918K in salary, as well as $26K in other compensation.
For fiscal year 2019, the median employee pay was $18,292 at Universal. Therefore, the ratio of George C. Freeman, III's pay to the median employee pay was 292 to one.
Airton L. Hentschke, Chief Operating Officer, received a compensation package of $2.5M, which increased by 25% compared to previous year. 44% of the compensation package, or $1.1M, was in stock awards.
Theodore G. Broome, Executive Vice President and Sales Director Universal Leaf Tobacco Co., Inc, earned $1.5M in 2019, a 21% increase compared to previous year.
Preston D. Wigner, General Counsel, received $1.5M in 2019, which increases by 32% compared to 2018.
Johan C. Kroner, Chief Financial Officer, earned $1.1M in 2019.
David C. Moore, Chief Financial Officer, received $788K in 2019, which decreases by 57% compared to 2018.
Universal's fiscal year ends on March 31.
Related executives
George Freeman
Universal
Chief Executive Officer
Airton Hentschke
Universal
Chief Operating Officer
Johan Kroner
Universal
Chief Financial Officer
David Moore
Universal
Chief Financial Officer
Preston Wigner
Universal
General Counsel
Theodore Broome
Universal
Executive Vice President and Sales Director Universal Leaf Tobacco Co., Inc
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Source: SEC filing on July 24, 2019.