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. 39.58% 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, $685.5K in non-equity incentive plan, $945.5K in salary, as well as $18.4K 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. 40.56% of the compensation package, or $857.5K, 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.

Related executives

George Freeman

Universal

Chief Executive Officer

Airton Hentschke

Universal

Chief Operating Officer

Johan Kroner

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 June 29, 2020.