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William F. Gifford, Jr. is the CEO of Altria Group, Inc., a position he took on in April 2020 after serving as Vice Chairman and Chief Financial Officer. He has been with Altria since 1994, which gives him over two...

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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 - 54 years ago

CEO of Altria Group for

4 years 11 months (Apr 2020 - Present)

Previous Experience

Vice Chairman and Chief Financial Officer of Altria Group, Inc.

Holdings

See how much did William F. Gifford, Jr. make over time.

William F. Gifford, Jr. holds considerable equity in Altria Group, Inc., demonstrating his commitment to the company’s success. His recent holdings have fluctuated, with stock unit grants reflecting his performance. In the peak year of 2023, Gifford had about 70,311...

Mar 17, 2025

Charitable Transactions

MO

12,507 shares

MO

Recent Charitable Transactions

MO

2,200 shares

MO

May 15, 2023

Charity

MO

1,910 shares

MO

May 25, 2022

Charity

MO

2,119 shares

MO

Jun 25, 2021

Charity

MO

2,278 shares

MO

Aug 12, 2020

Charity

MO

2,000 shares

MO

May 22, 2019

Charity

MO

2,000 shares

MO

May 26, 2016

Charity

Insider Trading

See recent insider trades of William F. Gifford, Jr..

MO

46,936 shares

MO

Feb 28, 2024

Received

MO

88,718 shares

MO

Feb 27, 2024

Received

MO

2,200 shares

MO

May 15, 2023

Charity

MO

18,855 shares

MO

Feb 28, 2023

Received

MO

70,311 shares

MO

Feb 27, 2023

Received

MO

1,910 shares

MO

May 25, 2022

Charity

MO

6,541 shares

MO

Feb 28, 2022

Received

MO

78,396 shares

MO

Feb 24, 2022

Received

MO

2,119 shares

MO

Jun 25, 2021

Charity

MO

80,190 shares

MO

Feb 25, 2021

Received

Compensation History

See how much did William F. Gifford, Jr. make over time.

In 2023, William F. Gifford, Jr. received total compensation exceeding $18.5 million. This included a base salary of $1.35 million and a performance-driven bonus of $2.73 million, contingent on both company and personal success. Gifford's compensation reflects Altria's structure where pay is linked to performance metrics, ensuring that executive interests align with those of shareholders. His bonus payout was 123% of the targeted amount, showcasing an impressive business performance rating of 98%. Altria's approach toward executive compensation emphasizes attracting top talent while driving long-term shareholder value. Gifford's benefits include stock units that will vest based on continued employment and performance, indicating a robust incentive system tied to the company's future.

Year

2023

Total Compensation

$6.34M

Salary

$1.35M

Board 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

$2.73M

Board 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

$228.07K

Board Justification

Other compensation includes defined contribution plan allocations, personal use of company aircraft, and car expenses.

Restricted Stock

$2.04M(46.94K PSU)

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.

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