Short answer
UNIVERSAL CORP /VA/ (UVV) filed an 8-K current report with the SEC on March 16, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). New CFO Diel's total direct compensation: $490K base salary + $350K annual target bonus + $560K LTI equity target.
UNIVERSAL CORP /VA/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New CFO Diel's total direct compensation: $490K base salary + $350K annual target bonus + $560K LTI equity target
- One-time RSU grant of ~$1.2M vesting ratably over 3 years (April 2027/2028/2029), priced on VWAP Jan 31–Mar 31, 2026
- RSUs include dividend equivalent units, accruing during vesting periods and settling upon RSU vesting
- Amendment clarifies compensation terms delayed from initial 8-K filing, signaling CFO transition now fully structured
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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