In 2023, William F. Gifford, Jr. earned $6.34M in total compensation at Altria Group, including $1.35M salary, $2.73M bonus and $2.04M in stock. Most recently acquired 46,936 shares in Feb 2024. Currently holds stock worth $42.38M. Has donated $729.66K in stock to charitable causes. 5+ years at the helm of Altria Group.
Compensation History
Annual executive compensation data for William F. Gifford, Jr., including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$6.34M
Salary
$1.35M
Bonus
$2.73M
Other
$228.07K
Salary
$1.35MBoard Justification
Altria's compensation philosophy aims to align executive pay with company performance, focusing on long-term value creation for shareholders. The compensation program is designed to attract, retain, and motivate top talent while ensuring that executives' interests align with those of shareholders.
Bonus
$2.73MBoard Justification
The bonus is based on a combination of company performance metrics and individual performance. For 2023, the business performance rating was 98%, and the individual performance multiplier was 125%, resulting in a bonus payout of 123% of the target.
Other Compensation
$228.07KBoard Justification
Other compensation includes defined contribution plan allocations, personal use of company aircraft, and car expenses.
Restricted Stock
Board Justification
The vested stock includes Performance Stock Units (PSUs) granted in 2021, which vested based on the company's performance against adjusted diluted EPS growth and cash conversion metrics, with a relative TSR modifier applied.
Performance Metrics
The performance metrics include adjusted diluted EPS growth, adjusted discretionary cash flow, total adjusted OCI, and strategic initiatives, which are used to determine the annual incentive awards.
William F. Gifford, Jr.
CEO of Altria Group
Education
Bachelor's degree in Accounting from the University of Florida; MBA from the University of Florida
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Consumer Defensive
Born
May 29, 1970 - 55 years ago
CEO of Altria Group for
5 years 7 months (Apr 2020 - Present)
Previous Experience
Vice Chairman and Chief Financial Officer of Altria Group, Inc.
Other Altria Group CEOs
Holdings
Track William F. Gifford, Jr.'s stock holdings and portfolio value over time.
Charitable Transactions
12,507 shares
MO
Recent Charitable Transactions
2,200 shares
MO
May 15, 2023
Charity
1,910 shares
MO
May 25, 2022
Charity
2,119 shares
MO
Jun 25, 2021
Charity
2,278 shares
MO
Aug 12, 2020
Charity
2,000 shares
MO
May 22, 2019
Charity
2,000 shares
MO
May 26, 2016
Charity
Insider Trading
William F. Gifford, Jr.'s recent stock transactions, purchases, and sales filed with the SEC.
46,936 shares
MO
Feb 28, 2024
Received
88,718 shares
MO
Feb 27, 2024
Received
2,200 shares
MO
May 15, 2023
Charity
18,855 shares
MO
Feb 28, 2023
Received
70,311 shares
MO
Feb 27, 2023
Received
1,910 shares
MO
May 25, 2022
Charity
6,541 shares
MO
Feb 28, 2022
Received
78,396 shares
MO
Feb 24, 2022
Received
2,119 shares
MO
Jun 25, 2021
Charity
80,190 shares
MO
Feb 25, 2021
Received
Rivals
Compare William F. Gifford, Jr. with competitor CEOs and industry peers.
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Bonus
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2024 Compensation
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Sumit Roy
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2023 Compensation
Stock
$5.96M
Salary
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Bonus
$4.06M
Other
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Total Holdings
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Hans E. Vestberg
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2024 Compensation
Stock
$0.00
Salary
$1.50M
Bonus
$0.00
Other
$797.49K
Total Holdings
$8.31M
Kevin P. Hourican
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2022 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$0.00
Other
$151.51K
Total Holdings
$32.03M