ALTRIA GROUP INC
For the period ended May 15, 2025. Filed Apr 3, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 15, 2025 · Filed Apr 3, 2025
Contents
Benchmarking
Compensation Strategy
We design our executive compensation program to deliver total target compensation (salary, annual and long-term cash awards, equity awards and benefits) within a reasonable range of market median paid to executives in the CSG, with variability depending on role criticality, performance, potential, contributions and various other factors, as determined by the Committee. Additionally, we design our program such that actual compensation outcomes can vary meaningfully above or
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| Altria Group, Inc. – Proxy Statement | 45 |
below this target compensation depending on achievement against our pre-established business objectives and individual performance. We believe that this approach has contributed to our industry leadership position and is important to attract and retain world-class leaders, particularly given the unique challenges of our industry.
Compensation Survey Group
We annually compare our executive compensation program with the programs of the CSG companies and broader benchmarking data. The purpose of this annual review is to assure that our executive compensation program supports our ability to attract and retain executive talent. When determining the companies to include in the CSG, the Committee identifies companies that have all or most of the following characteristics:
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| ■revenues generally between $5 and $75 billion; | | ■limited business segments; |
| ■market capitalization of at least $10 billion; | | ■businesses generally focused within the U.S.; and |
| ■primarily focused on consumer products; | | ■compete with us for executive talent. |
Based on these criteria, the Committee included the following companies in the 2024 CSG and used this list for compensation-related decisions for 2024.
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| 3M Company | General Mills, Inc. | McDonald’s Corporation | ||
|---|---|---|---|---|
| Abbott Laboratories | | The Hershey Company | | Merck & Co., Inc. |
| Bristol-Myers Squibb Company | | Kellanova | | Mondelēz International, Inc. |
| The Coca-Cola Company | | Kenvue Inc. | | PepsiCo, Inc. |
| Colgate-Palmolive Company | | Keurig Dr Pepper Inc. | | Philip Morris International Inc. |
| Conagra Brands, Inc. | | Kimberly-Clark Corporation | | The Proctor & Gamble Company |
| Eli Lilly and Company | | The Kraft Heinz Company | | Starbucks Corporation |
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