The tobacco giant will hold its annual shareholders meeting May 18 at 9 a.m. at the Greater Richmond Convention Center. A definitive proxy statement with information about the meeting is available here.
The proxy statement includes the annual compensations of several top executives. CEO Martin Barrington received $27.57 million in total compensation in 2016, including $1.4 million in base salary, $6.5 million in stock awards, $3.9 million in annual incentive plan compensation and $12 million in long-term incentive plan compensation.
The used car retailer reported its fourth quarter and annual earnings for the fiscal year that ended Feb. 28. Quarterly revenues totaled $4.05 billion, up from $3.7 billion the same quarter the year before. Quarterly profits totaled $562.2 million. Revenues for the year totaled $15.87 billion, up from $15.14 billion the year before. Profits for the year totaled $2.18 billion, up from $2.01 billion the year before.
Multiple executives exercised stock options on April 9. Director Thomas Folliard acquired 41,090 share s of common stock and sold 19,708 shares at $56.47 per share for a profit of $1,112,910. CEO William Nash acquired 11,007 shares of common stock and sold 3,644 shares at $56.47 per share for a profit of $205,776.
Kinsale Capital Group (KNSL)
The parent of Kinsale Insurance filed its latest proxy statement announcing its annual shareholders meeting and disclosing details of the compensation packages paid to its top executives last year. Among them, CEO Michael Kehoe received compensation valued at a total of $1.71 million for 2016. That included a $500,000 base salary, $460,000 in option awards and $740,000 in incentive pay. The full compensation table can be found here on Page 20.
The company will hold its annual shareholders meeting at The Commonwealth Club, 401 W. Franklin St. on May 25 at 10:30 a.m.
Universal Corp. (UVV)
CEO George Freeman III gifted 1,525 shares of common stock. He now directly owns 217,246 shares.
Village Bank and Trust Financial (VBFC)
The parent of Village Bank awarded each of its directors 90 shares pegged at $27.30 per share as part of a long-term incentive plan. Three executives – head of commercial lending Max Morehead, CFO Harril Whitehurst and head of retail Rebecca Kline received 229, 305 and 208 shares, respectively through the plan.
The packaging giant announced the completion of the sale of its home, health and beauty business to Stamford, Connecticut-based Silgan Holdings. The sale totaled $1.02 billion, plus the assumption of $25 million in foreign pension liability.