In 2024, Jacek Olczak earned $14.41M in total compensation at Philip Morris International, including $1.71M salary, $5.82M bonus and $6.85M in stock. Most recently acquired 263,076 shares in Feb 2025. Currently holds stock worth $81.34M. 4+ years at the helm of Philip Morris International.
Compensation History
Annual executive compensation data for Jacek Olczak, including salary, bonuses, and stock awards.
Year
2024
Total Compensation
$14.41M
Salary
$1.71M
Bonus
$5.82M
Other
$26.31K
Salary
$1.71MBoard Justification
The Company’s philosophy is to provide competitive compensation necessary to attract and retain high-quality non-employee directors. The Board believes that a substantial portion of director compensation should consist of equity-based compensation to assist in aligning directors’ interests with the interests of shareholders.
Bonus
$5.82MBoard Justification
Annual performance-based variable cash award for meeting or exceeding performance goals pre-established by the Committee. The Company’s IC performance rating is determined by a fixed formula that measures Company results against performance targets pre-established and pre-weighted by the Committee. The final award is determined by multiplying the executive’s base salary by the IC performance rating and by the IC target percentage for that salary grade and the executive’s individual performance rating.
Other Compensation
$26.31KBoard Justification
Cost, amortized over a five-year period of a Company owned vehicle, including insurance, maintenance, repairs and taxes.
Restricted Stock
Board Justification
Vesting restrictions lapsed for the RSUs granted in 2022, and the PSUs granted in 2022 vested at an overall performance factor of 170%.
Performance Metrics
TSR, currency neutral adjusted compound annual diluted EPS growth rate and Sustainability Index.
Jacek Olczak
CEO of Philip Morris International
Education
Master's degree in Economics from the University of Lodz
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Consumer Defensive
Born
April 1, 1965 - 60 years ago
CEO of Philip Morris International for
4 years 7 months (May 2021 - Present)
Previous Experience
Various roles at Philip Morris International Inc.
Other Philip Morris International CEOs
Holdings
Track Jacek Olczak's stock holdings and portfolio value over time.
Total Stock Sold
$11.34M
$11.34M
110,000 PM shares
What if they kept their stock?
If Jacek Olczak didn't sell their stock, today they would have:
Extra PM110,000 shares worth $16.34M.
This is 44.16% and $5.01M more than what they got when they sold the stock.
Insider Trading
Jacek Olczak's recent stock transactions, purchases, and sales filed with the SEC.
$16.42M
PM at $62.43/share
Feb 5, 2025
Received
$2.26M
PM at $90.27/share
Feb 21, 2024
Sale
$5.00M
PM at $46.28/share
Feb 7, 2024
Received
$4.53M
PM at $100.64/share
Feb 17, 2023
Sale
$5.17M
PM at $51.19/share
Feb 9, 2023
Received
$4.45M
PM at $111.31/share
Feb 16, 2022
Sale
35,910 shares
PM
Feb 16, 2022
Received
$3.50M
PM at $102.69/share
Feb 10, 2022
Received
$1.32M
PM at $40.93/share
Feb 4, 2021
Received
$1.35M
PM at $43.35/share
Feb 6, 2020
Received
Rivals
Compare Jacek Olczak with competitor CEOs and industry peers.