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    William F. Gifford, Jr.

    Chief Executive Officer (CEO) at MAltria Group Inc
    Board
    Since April 2020
    Age
    54 years

    Also at Altria Group Inc

    CNW
    Charles N. Whitaker
    Senior Vice President, Chief HR Officer, and Chief Compliance Officer
    DJB
    Daniel J. Bryant
    Vice President and Treasurer
    HAN
    Heather A. Newman
    Senior Vice President, Chief Strategy and Growth Officer

    About

    William F. Gifford, Jr. serves as the Chief Executive Officer (CEO) of Altria Group, Inc. He is responsible for certifying the company's financial reports in compliance with the Sarbanes-Oxley Act of 2002, a role that underscores his commitment to strong corporate governance.

    While details regarding his personal background, educational accomplishments, and earlier career are not provided, his current executive position reflects a significant level of trust and responsibility within the organization.

    His professional contributions are primarily evidenced through his certification of various quarterly and annual financial filings, which are essential to maintaining transparency and accuracy in the company’s reporting practices. The available documents confirm his active involvement in ensuring that the financial condition and results of operations of the company are fairly presented, a central component of his leadership at Altria Group, Inc.

    $MO Performance Under William F. Gifford, Jr.

    Past Roles

    OrganizationRoleDate RangeDetails
    Anheuser-Busch InBev SA/NV Director (Former Board Position) 2016 – April 2023 Previously served on the board.
    Altria Group, Inc. Vice Chairman and Chief Financial Officer May 2018 – April 2020 Held senior leadership role before becoming CEO.
    Altria Group, Inc. Executive Vice President and Chief Financial Officer March 2015 – May 2018 Held senior leadership role before becoming CEO.
    Altria Group, Inc. Various Senior Leadership Roles Since 1994 Held multiple roles since joining the company.

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,350,000 AnnualFixed annual salary
    Allocation to Defined Contribution Plans$135,000 AnnualContributions to tax-qualified and non-qualified supplemental plans
    Personal Use of Company Aircraft$83,063 As IncurredIncremental costs including trip-related crew hotels, meals, fuel costs, etc. (excludes fixed costs)
    Car Expenses$10,008 AnnualFixed car-related expenses

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Plan

    MetricValueDetails
    Target Compensation165% of salary Increased from 150% to 165% of salary
    Grant DateFebruary 27, 2023 Equity awards granted on this date
    RSU Grant Date Fair Value$3,300,002 For Restricted Stock Units
    PSU Grant Date Fair Value$3,300,047 For Performance Stock Units
    Performance MetricsAdjusted Diluted EPS Growth (75%), Cash Conversion (25%) Includes a Relative TSR modifier of ±20%
    Vesting DateFebruary 26, 2026 Vesting occurs at the conclusion of the performance cycle

    Long-Term Incentive Plan (LTIP) / Performance Stock Units (PSUs)

    ComponentUnitsTarget Performance (%)Maximum Payout (%)Vesting DateEvaluation PeriodAdditional Details
    RSUs70,311 N/AN/AFeb 26, 2026 N/AFixed grant with fair value of $3,300,002
    PSUs67,013 100% Up to 156% Feb 26, 2026 January 1, 2023 to December 31, 2025 Performance governed by Adjusted EPS Growth (75%), Cash Conversion (25%) and a Relative TSR modifier of ±20%. Dividend equivalents accrue during the performance period.

    Summary of Performance Metrics and Conditions

    AspectDetail
    Required Performance MetricsAdjusted Diluted EPS Growth (75%) and Cash Conversion (25%) with ±20% Relative TSR modifier
    Performance ThresholdsTarget performance level is 100%, with a potential range from 0% to 156% of target
    Evaluation Period2023–2025 (three-year cycle)
    Award Target (LTIP)260% of salary, equating to $3,510,000 before performance adjustments
    Vesting ScheduleBoth RSUs and PSUs vest on February 26, 2026
    Additional ConditionsDividend equivalents are provided for both RSUs (paid quarterly) and PSUs (accrued over the performance period)

    This breakdown covers the core components of the performance compensation for 2023 based on available data.