Trading Day: Local SEC filings for 4.2.20

Correction: An earlier version of this post incorrectly reported Atlantic Union CEO John Asbury’s base salary as $999,999 in 2019. His base last year was in fact $779,875.

Atlantic Union Bankshares (AUB)

The parent of Atlantic Union Bank said it has suspended its share repurchase program effective March 20. The program was authorized to repurchase up to $150 million worth of the company’s common stock. It said it repurchased 3.7 million shares prior to the suspension.

The company filed its latest proxy statement, including details of the compensation packages paid to its top execs in 2019. Among them, President and CEO John Asbury received a total of $2.48 million, up from $2.33 million in 2018. The 2019 total included a base salary of $779,875, as well as other perks. Click here for the full table.

Brink’s (BCO)

The armored car giant announced it had secured $590 million in additional loan term financing. Click here to read the announcement.

Senior Vice President Raphael Shemanski purchased 5,000 shares at about $79 per share for a total of about $395,000. Shemanski directly owns 62,482 shares of common stock.

C&F Financial (CFFI)

The parent of C&F Bank filed its latest proxy statement, disclosing the compensation packages paid to its top executives in 2019. Atop the list is president and CEO Tom Cherry, who received $939,000 in total compensation. That’s up from $847,000 in 2018. The 2019 total included a base of $355,000, as well as other perks. Click here for the full report.

The company said its annual shareholders meeting will be held virtually in light of coronavirus. It will take place April 21 at 3:30 p.m.

Executive Chairman Larry Dillon acquired 1,000 shares at $32 apiece for a total of $32,000. He owns more than 43,000 shares.

CFO Jason Long acquired 145 shares at $32.11 apiece for a total of $4,655. He now owns more than 5,600 shares.

Director Tony Peay acquired 200 shares at $35 apiece for a total of $7,000. He now owns 725 shares.

Dominion (D)

The power utility released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

CEO Thomas Farrell received a total pay package of $17.3 million. He received a base salary of $1.6 million, $5.7 million in stock awards and about $10 million in other incentives.

Click here and see page 58 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 6.

Genworth Financial (GNW)

The Henrico-based insurer received approval from the Virginia State Corporation Commission for its long-delayed deal to be acquired by conglomerate China Oceanwide. While it was the final regulatory approval needed to close the deal, the companies have extended the closing deadline from March 31 to June 30 in light of coronavirus-related upheaval. Click here for more detail.

Hamilton Beach Brands (HBB)

The electrical products supplier released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

President and CEO Gregory Trepp received a total pay package of $2.4 million. He received a base salary of $741,992, $631,879 in stock awards and about $1 million in other incentives.

Click here and see page 37 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 12.

Kinsale Capital Group (KNSL)

Director James Ritchie exercised options for 4,000 shares at $16 apiece and then sold those shares at market price for at an average of $102.26 per share for a total of $409,000.

Director Anne Kronenburg acquired 2,000 shares at $98.13 apiece for a total of $196,000.

Markel (MKL)

The insurance underwriter released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

Co-CEO Thomas Gayner received a total pay package of $4.8 million. He received a base salary of $1 million, $2.4 million in stock awards and $1.5 million in other incentives.

Click here and see page 28 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 11.

Owens & Minor (OMI)

The healthcare logistics company released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

President and CEO Edward Pesicka received a total pay package of $5.6 million. He received a base salary of $718,385, $4 million in stock awards and $852,100 in other incentives.

Click here and see page 35 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 1.

Performance Food Group (PFGC)

The Goochland-based foods distributor announced new partnerships and corporate initiatives in response to the coronavirus pandemic. Measures include distributing to 480 new grocery locations, drawing $400 million from the company’s $3 billion credit facility, suspending new capital expenditures and suspending its share repurchase program. Click here to read the announcement.

Universal Corp. (UVV)

The tobacco company announced the appointment of J. Patrick O’Keefe as senior vice president of Universal Global Ventures, Inc. Click here to read the announcement.

Village Bank and Trust Financial (VBFC)

Majority shareholder Ken Lehman added to his holdings with 646 shares at $31.75 apiece. He now owns more than 753,000 shares.

The bank entered into new change in control agreements with CFO Donald Kaloski and head of commercial lending Max Morehead. Click here for details.

Correction: An earlier version of this post incorrectly reported Atlantic Union CEO John Asbury’s base salary as $999,999 in 2019. His base last year was in fact $779,875.

Atlantic Union Bankshares (AUB)

The parent of Atlantic Union Bank said it has suspended its share repurchase program effective March 20. The program was authorized to repurchase up to $150 million worth of the company’s common stock. It said it repurchased 3.7 million shares prior to the suspension.

The company filed its latest proxy statement, including details of the compensation packages paid to its top execs in 2019. Among them, President and CEO John Asbury received a total of $2.48 million, up from $2.33 million in 2018. The 2019 total included a base salary of $779,875, as well as other perks. Click here for the full table.

Brink’s (BCO)

The armored car giant announced it had secured $590 million in additional loan term financing. Click here to read the announcement.

Senior Vice President Raphael Shemanski purchased 5,000 shares at about $79 per share for a total of about $395,000. Shemanski directly owns 62,482 shares of common stock.

C&F Financial (CFFI)

The parent of C&F Bank filed its latest proxy statement, disclosing the compensation packages paid to its top executives in 2019. Atop the list is president and CEO Tom Cherry, who received $939,000 in total compensation. That’s up from $847,000 in 2018. The 2019 total included a base of $355,000, as well as other perks. Click here for the full report.

The company said its annual shareholders meeting will be held virtually in light of coronavirus. It will take place April 21 at 3:30 p.m.

Executive Chairman Larry Dillon acquired 1,000 shares at $32 apiece for a total of $32,000. He owns more than 43,000 shares.

CFO Jason Long acquired 145 shares at $32.11 apiece for a total of $4,655. He now owns more than 5,600 shares.

Director Tony Peay acquired 200 shares at $35 apiece for a total of $7,000. He now owns 725 shares.

Dominion (D)

The power utility released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

CEO Thomas Farrell received a total pay package of $17.3 million. He received a base salary of $1.6 million, $5.7 million in stock awards and about $10 million in other incentives.

Click here and see page 58 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 6.

Genworth Financial (GNW)

The Henrico-based insurer received approval from the Virginia State Corporation Commission for its long-delayed deal to be acquired by conglomerate China Oceanwide. While it was the final regulatory approval needed to close the deal, the companies have extended the closing deadline from March 31 to June 30 in light of coronavirus-related upheaval. Click here for more detail.

Hamilton Beach Brands (HBB)

The electrical products supplier released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

President and CEO Gregory Trepp received a total pay package of $2.4 million. He received a base salary of $741,992, $631,879 in stock awards and about $1 million in other incentives.

Click here and see page 37 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 12.

Kinsale Capital Group (KNSL)

Director James Ritchie exercised options for 4,000 shares at $16 apiece and then sold those shares at market price for at an average of $102.26 per share for a total of $409,000.

Director Anne Kronenburg acquired 2,000 shares at $98.13 apiece for a total of $196,000.

Markel (MKL)

The insurance underwriter released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

Co-CEO Thomas Gayner received a total pay package of $4.8 million. He received a base salary of $1 million, $2.4 million in stock awards and $1.5 million in other incentives.

Click here and see page 28 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 11.

Owens & Minor (OMI)

The healthcare logistics company released its latest proxy statement, disclosing compensation packages paid last year to its top executives.

President and CEO Edward Pesicka received a total pay package of $5.6 million. He received a base salary of $718,385, $4 million in stock awards and $852,100 in other incentives.

Click here and see page 35 for the full compensation table.

The proxy also announced the date of the company’s annual shareholders meeting, to be held May 1.

Performance Food Group (PFGC)

The Goochland-based foods distributor announced new partnerships and corporate initiatives in response to the coronavirus pandemic. Measures include distributing to 480 new grocery locations, drawing $400 million from the company’s $3 billion credit facility, suspending new capital expenditures and suspending its share repurchase program. Click here to read the announcement.

Universal Corp. (UVV)

The tobacco company announced the appointment of J. Patrick O’Keefe as senior vice president of Universal Global Ventures, Inc. Click here to read the announcement.

Village Bank and Trust Financial (VBFC)

Majority shareholder Ken Lehman added to his holdings with 646 shares at $31.75 apiece. He now owns more than 753,000 shares.

The bank entered into new change in control agreements with CFO Donald Kaloski and head of commercial lending Max Morehead. Click here for details.

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