ALTRIA GROUP, INC. — Form 10-Q
Filed July 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 42/100
What the filing says
William F. Gifford Jr., Director and Chief Executive Officer, separated from Altria effective May 14, 2026. His separation package included $113,268.98 in unused vacation, prorated 2026 incentive compensation at target, prorated long-term incentive awards (2024-2026 and 2025-2027 plans), and cash payments in lieu of RSUs ($4.5M + $2.4M) and PSUs ($791,841 + $423,379 in dividend equivalents at target). Salvatore Mancuso succeeded as CEO, effective May 15, 2026, and entered into a time-sharing aircraft agreement with Altria Client Services LLC for use of two Gulfstream jets (2022 G600 and 2021 G500).
Why this rating
CEO succession is organizationally significant but routine for a $98B company. Gifford's separation package (~$7M estimated total) is immaterial (<0.01% of market cap). Mancuso's appointment appears internal/planned. No strategic disruption signaled.
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