Altria Group disclosed the compensation arrangements for its newly appointed Chief Executive Officer, Salvatore Mancuso, and Chief Financial Officer, Heather A. Newman, effective May 14, 2026. The filing also details the retirement and consulting agreement for former CEO William F. Gifford, Jr.
Key Details
- New CEO Compensation (Salvatore Mancuso): Annual base salary set at $1,350,000 with an annual equity award target of $8.5 million. He also received a grant of 40,634 RSUs and 37,246 PSUs.
- New CFO Compensation (Heather A. Newman): Annual base salary set at $800,000 with an annual equity award target of $2.25 million.
- Former CEO Arrangements (William F. Gifford, Jr.): Following his retirement, Mr. Gifford will receive cash payments for unvested stock awards, including approximately $6.9 million for RSUs and a target of $7.8 million for PSUs. He has also entered into a consulting agreement to be paid $250,000 per month from May 15, 2026, through December 31, 2026, to assist with the transition.