In 2023, George C. Freeman, III earned $3.94M in total compensation at Universal Corporation, including $1.07M salary, $1.77M bonus and $1.07M in stock. Most recently acquired 43,969 shares in May 2024. Currently holds stock worth $18.11M. Has donated $5.44M in stock to charitable causes. Led Universal Corporation as CEO for 16 years.
Compensation History
Annual executive compensation data for George C. Freeman, III, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.94M
Salary
$1.07M
Bonus
$1.77M
Other
$24.48K
Salary
$1.07MBoard Justification
The compensation philosophy aims to attract, motivate, and retain management talent while aligning executive compensation with performance and shareholder interests.
Bonus
$1.77MBoard Justification
The annual cash incentive award for fiscal year 2024 was based on the Company’s achievement against pre-established performance metrics, resulting in a payout of 165.2% of the target bonus opportunity.
Other Compensation
$24.48KBoard Justification
Other compensation includes financial planning services, 401(k) company match, and matching gifts to charities.
Restricted Stock
Board Justification
The stock awards granted in fiscal year 2024 consisted of restricted stock units and performance share units, with 20,500 shares vesting based on performance metrics.
Performance Metrics
The performance metrics for fiscal year 2024 included adjusted economic profit and adjusted earnings per share.
George C. Freeman, III
Ex-CEO of Universal Corporation
Education
J.D. from University of Richmond School of Law, B.A. from University of Virginia
Field of Expertise
Legal & Compliance - Law
Sector of Economy
Consumer Defensive
Born
April 15, 1959 - 66 years ago
CEO of Universal Corporation for
16 years 0 months (Oct 2008 - Oct 2024)
Previous Experience
Various roles within Universal Corporation
Other Universal Corporation CEOs
Holdings
Track George C. Freeman, III's stock holdings and portfolio value over time.
Total Stock Sold
$2.31M
$2.31M
35,737 UVV shares
What if they kept their stock?
If George C. Freeman, III didn't sell their stock, today they would have:
Extra UVV35,737 shares worth $1.87M.
This is -19.33% and $447.25K less than what they got when they sold the stock.
Charitable Transactions
104,049 shares
UVV
Recent Charitable Transactions
5,400 shares
UVV
Jun 21, 2024
Charity
5,000 shares
UVV
Dec 26, 2023
Charity
10,000 shares
UVV
Nov 15, 2023
Charity
2,000 shares
UVV
Jun 1, 2023
Charity
12,700 shares
UVV
Dec 21, 2022
Charity
6,000 shares
UVV
Dec 28, 2021
Charity
Insider Trading
George C. Freeman, III's recent stock transactions, purchases, and sales filed with the SEC.
5,400 shares
UVV
Jun 21, 2024
Charity
43,969 shares
UVV
May 30, 2024
Received
5,000 shares
UVV
Dec 26, 2023
Charity
10,000 shares
UVV
Nov 15, 2023
Charity
2,000 shares
UVV
Jun 1, 2023
Charity
45,791 shares
UVV
Jun 1, 2023
Received
12,700 shares
UVV
Dec 21, 2022
Charity
31,165 shares
UVV
Jun 2, 2022
Received
6,000 shares
UVV
Dec 28, 2021
Charity
4,400 shares
UVV
Jun 16, 2021
Charity
Rivals
Compare George C. Freeman, III with competitor CEOs and industry peers.