Universal CEO George Freeman's 2020 pay slips 15% to $4.6M
Universal reports 2020 executive compensation
By ExecPay News
Published: June 29, 2020
Universal reported fiscal year 2020 executive compensation information on June 29, 2020.
In 2020, five Universal executives received on average a compensation package of $2.1M, a 1% increase compared to previous year.
Average pay of disclosed executives at Universal
George C. Freeman, III, Chief Executive Officer, received $4.6M in total, which decreased by 15% compared to 2019. 40% of Freeman's compensation, or $1.8M, was in stock awards. Freeman also received $1.1M of change in pension value and nonqualified deferred compensation earnings, $686K in non-equity incentive plan, $946K in salary, as well as $18K in other compensation.
For fiscal year 2020, the median employee pay was $20,102 at Universal. Therefore, the ratio of George C. Freeman, III's pay to the median employee pay was 227 to one.
Airton L. Hentschke, Chief Operating Officer, received a compensation package of $2.1M, which decreased by 15% compared to previous year. 41% of the compensation package, or $857K, was in stock awards.
Theodore G. Broome, Executive Vice President and Sales Director Universal Leaf Tobacco Co., Inc, earned $1.4M in 2020, a 8% decrease compared to previous year.
Johan C. Kroner, Chief Financial Officer, received $1.3M in 2020, which increases by 24% compared to 2019.
Preston D. Wigner, General Counsel, earned $1.3M in 2020, a 11% decrease compared to previous year.
Universal's fiscal year ends on March 31.
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Source: SEC filing on June 29, 2020.