Altria Group DEF 14A: Executive Pay & 2023 Performance

Ticker: MO · Form: DEF 14A · Filed: 2024-04-04T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, annual-meeting, corporate-governance

TL;DR

Altria's 2023 DEF 14A is out, detailing exec pay and company performance. Check it for shareholder votes.

AI Summary

Altria Group, Inc. filed its DEF 14A on April 4, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation, including awards granted to individuals like William F. Gifford Jr. and Howard A. Willard III. It also covers the company's financial performance and governance matters.

Why It Matters

This filing provides crucial insights into how Altria Group compensates its top executives and outlines the company's financial health and strategic direction for the past year, impacting investor decisions.

Risk Assessment

Risk Level: medium — DEF 14A filings can reveal significant information about executive compensation, potential shareholder activism, and company strategy, which can influence stock price and investor sentiment.

Key Numbers

2023-12-31 — Fiscal Year End (Reporting period for the DEF 14A filing.)
20240404 — Filing Date (Date the DEF 14A was submitted to the SEC.)

Key Players & Entities

ALTRIA GROUP, INC. (company) — Filer
William F. Gifford Jr. (person) — Executive
Howard A. Willard III (person) — Executive
0001558370-24-004695 (dollar_amount) — Accession Number

FAQ

What is the primary purpose of this DEF 14A filing for Altria Group, Inc.?

The primary purpose is to provide shareholders with information regarding the annual meeting of shareholders, including details on executive compensation, director nominations, and other corporate governance matters.

Who are the key executives mentioned in relation to compensation for the 2023 fiscal year?

Key executives mentioned include William F. Gifford Jr. and Howard A. Willard III, with compensation details for their roles during the 2023 fiscal year.

What is the fiscal year end date for Altria Group, Inc. that this filing pertains to?

The fiscal year end date for Altria Group, Inc. that this filing pertains to is December 31, 2023.

What is the SEC accession number for this filing?

The SEC accession number for this filing is 0001558370-24-004695.

What is the state of incorporation for Altria Group, Inc.?

Altria Group, Inc. is incorporated in Virginia (VA).

From the Filing

0001558370-24-004695.txt : 20240404 0001558370-24-004695.hdr.sgml : 20240404 20240404090045 ACCESSION NUMBER: 0001558370-24-004695 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 130 CONFORMED PERIOD OF REPORT: 20240516 FILED AS OF DATE: 20240404 DATE AS OF CHANGE: 20240404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALTRIA GROUP, INC. CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08940 FILM NUMBER: 24821783 BUSINESS ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: (804) 274-2200 MAIL ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: ALTRIA GROUP INC DATE OF NAME CHANGE: 20030127 FORMER COMPANY: FORMER CONFORMED NAME: PHILIP MORRIS COMPANIES INC DATE OF NAME CHANGE: 19920703 DEF 14A 1 tmb-20240516xdef14a.htm DEF 14A 0000764180 false DEF 14A 0000764180 2020-04-16 2023-12-31 0000764180 2020-01-01 2020-04-14 0000764180 mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:WilliamFGiffordJrMember 2022-01-01 2022-12-31 0000764180 mo:WilliamFGiffordJrMember 2021-01-01 2021-12-31 0000764180 mo:WilliamFGiffordJrMember 2020-01-01 2020-12-31 0000764180 mo:HowardaWillardIiiMember 2020-01-01 2020-12-31 0000764180 6 2023-01-01 2023-12-31 0000764180 5 2023-01-01 2023-12-31 0000764180 4 2023-01-01 2023-12-31 0000764180 3 2023-01-01 2023-12-31 0000764180 2 2023-01-01 2023-12-31 0000764180 1 2023-01-01 2023-12-31 0000764180 2022-01-01 2022-12-31 0000764180 2021-01-01 2021-12-31 0000764180 2020-01-01 2020-12-31 0000764180 mo:YearEndFairValueOfAwardsGrantedInCurrentFiscalYearMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:YearEndFairValueOfAwardsGrantedInCurrentFiscalYearMember ecd:PeoMember mo:HowardaWillardIiiMember 2023-01-01 2023-12-31 0000764180 mo:PensionAdjustmentsServiceCostMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:PensionAdjustmentsServiceCostMember ecd:PeoMember mo:HowardaWillardIiiMember 2023-01-01 2023-12-31 0000764180 mo:PensionAdjustmentsPensionValueInSummaryCompensationTableMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:PensionAdjustmentsPensionValueInSummaryCompensationTableMember ecd:PeoMember mo:HowardaWillardIiiMember 2023-01-01 2023-12-31 0000764180 mo:EquityAwardsValueInCompensationTableForApplicableYearMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:EquityAwardsValueInCompensationTableForApplicableYearMember ecd:PeoMember mo:HowardaWillardIiiMember 2023-01-01 2023-12-31 0000764180 mo:EquityAwardsAdjustmentsChangeInFairValueOfAwardsGrantedInPriorYearsForfeitedDuringCurrentYearMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:EquityAwardsAdjustmentsChangeInFairValueOfAwardsGrantedInPriorYearsForfeitedDuringCurrentYearMember ecd:PeoMember mo:HowardaWillardIiiMember 2023-01-01 2023-12-31 0000764180 mo:DividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseReflectedInFairValueMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:DividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseReflectedInFairValueMember ecd:PeoMember mo:HowardaWillardIiiMember 2023-01-01 2023-12-31 0000764180 mo:ChangeInFairValueOfOutstandingAndUnvestedAwardsGrantedInPriorFiscalYearsMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:ChangeInFairValueOfOutstandingAndUnvestedAwardsGrantedInPriorFiscalYearsMember ecd:PeoMember mo:HowardaWillardIiiMember 2023-01-01 2023-12-31 0000764180 mo:ChangeInFairValueAsOfVestingDateOfCurrentYearAwardsVestedDuringCurrentYearMember ecd:PeoMember mo:WilliamFGiffordJrMember 2023-01-01 2023-12-31 0000764180 mo:ChangeInFairValueAsOfVestingDat