secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000764180-24-000021
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Altria EVP & General Counsel Garnick to retire April 1; receives pro-rated equity conversion
--------------------------------------------------------------------------------

- Murray R. Garnick to retire as EVP and General Counsel effective April 1, 2024.
- Pro-rated annual incentive payment of $244,700 approved, based on 95% salary target.
- Estimated cash payments: $1,066,279 for 50,001 RSUs and $798,665 for 31,801 PSUs (target business performance).
- Unvested 2022 and 2023 RSU/PSU awards forfeited; cash payments replace them.
- Remains subject to Executive Confidentiality and Non-Competition Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000076418024000021/0000764180-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000076418024000021/mo-20240227.htm
  HTML page:      https://secwatch.observer/filing/0000764180-24-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer