UTG Inc. Awards Executive Bonuses and Approves Salary Increases

UTG INC -1.95%

UTG INC

UTGN

52.75

-1.95%

UTG Inc. has approved new bonus payouts and salary increases for its executive officers based on the company's 2025 operating results. CEO and Chairman Jesse T. Correll will receive a $350,000 cash bonus and an annual salary increase of $7,500, bringing his new salary to $232,500. Vice President Douglas P. Ditto will receive a $300,000 cash bonus and the same $7,500 salary increase, making his new annual salary $213,750. Vice President Daniel T. Roberts is set to receive a $76,978 cash bonus along with a stock bonus valued at $73,022, totaling $150,000, and an annual salary increase of $5,000 to $110,000. CFO Theodore C. Miller will receive a $140,000 cash bonus and a $5,000 salary increase, bringing his salary to $125,000. The total bonuses approved amount to $940,000, with UTG stock valued at $52.01 per share for the stock portion. The company does not have written employment agreements or specific bonus formulas for its officers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UTG Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000832480-26-000005), on February 06, 2026, and is solely responsible for the information contained therein.

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