ProxyMiner / Company

Philip Morris International Inc.PM

Latest proxy: 2026 · view on SEC ↗ · CIK 0001413329

CEO total pay

$10,788,010

Frederic de Wilde · 2025

Say on pay

Not disclosed

Use Ask for the underlying narrative

CEO pay ratio

Item 402(u)

375 to 1

Median employee: $43,244

Compensation committee

CD&A

Compensation and Leadership Development Committee

Per the latest proxy

Filings indexed: 2 · 2026 · 2025

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

ExecutiveRoleTotalYoYPay mixSalaryStockCash incentiveOther
Jacek Olczak2025 compensation
Group CEO PMI
$29,072,171↑ 44%
93% at-risk
$1,809,737$18,033,564$5,217,391$27,080
Frederic de Wilde2025 compensation
CEO PMI International
$10,788,010↑ 39%
86% at-risk
$1,207,773$4,921,681$2,355,091$18,446
Stacey Kennedy2025 compensation
CEO PMI U.S.
$6,621,252↓ 10%
61% at-risk
$977,868$2,413,046$1,115,217$1,260,178
Emmanuel Babeau2025 compensation
Group Chief Financial Officer
$26,893,983↑ 190%
84% at-risk
$1,517,944$5,456,863$2,510,894$23,149
Massimo Andolina2025 compensation
President, Europe Region
$7,882,782
82% at-risk
$1,040,496$2,768,866$1,956,529$12,334

Pay mix: base cash incentive equity other

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

Compensation Discussion and Analysis Executive Summary Our Compensation Discussion and Analysis outlines:1. The design of our executive compensation program, and the objectives and principles upon which they are based (see pages 35-37).2. Our performance, and the resulting decisions of the Compensation and Leadership Development Committee to reflect that performance in setting compensation for our Group CEO PMI and the other NEOs (see pages 38-48). C D & A T a b l e o f C o n t e n t s Compensation and Leadership Development Committee 34Program Design, Philosophy and Objectives 35Target Compensation Mix and 2025 Compensation 38Company Performance and Targets 41Additional Compensation Policies and Processes 50Compensation and Leadership Development Committee Report 53 Compensation and Leadership Development Committee The Compensation and Leadership Development Committee (hereinafter, the “Compensation Committee”) consists entirely of non-management directors, all of whom our Board has determined are independent within the rules and regulations of the SEC, the meaning of independence under the listing standards of the New York Stock Exchange (“NYSE”) and our Corporate Governance Guid…

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

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Governance

Policy guardrails

  • hedging

    prohibited

    “Anti-Hedging and Anti-Pledging Policies: The Company’s anti-hedging policy prohibits directors, executive officers and other designated employees from purchasing any financial instrument or otherwise engaging in any tran…”

  • pledging

    prohibited

    “The Company’s anti-pledging policy prohibits directors and executive officers from pledging the Company’s shares, including holding shares in a margin account.”

  • clawback

    present

    “Clawback Policy is in addition to the Board-approved policy described above”

  • stock ownership guidelines

    present

    “share ownership requirements.”

  • change in control

    Descriptions of this agreement can be found in the Employment Contracts, Termination of Employment and Change in Control Arrangements section on pages 63-64.

    “Descriptions of this agreement can be found in the Employment Contracts, Termination of Employment and Change in Control Arrangements section on pages 63-64.”

  • compensation consultant

    independent

    “independent compensation consultant, as needed, and with input from management, annually reviews our compensation programs, policies and practices to determine whether they encourage risk-taking that would have a materia…”

  • compensation committee

    Compensation and Leadership Development Committee

    “Compensation and Leadership Development Committee”

Performance markers

Metric facts

  • revenue

    —

    “of its charter to assess the independence of the compensation consultant, the Compensation Committee has reviewed and considered: •the services the senior advisor of the FW Cook consulting team performed for the Compensa…”

  • operating income

    $40.6 billion

    “rating by 5 percentage points. 2025 Results: We exceeded our targets for the number of stable or growing top 30 OI markets and operating cash flow. Smoke-Free shipment volume, organic growth of adjusted net revenues, and…”

  • time equity mix

    60%

    “The Compensation Committee grants the individual 60% of the award opportunity in the form of performance-based PSUs, and 40% in the form of time-based RSUs.”

  • ceo pay ratio

    375 to 1

    “that 1 CHF would buy in Switzerland, where our Group CEO PMI resides. The total PPP- adjusted compensation for our median employee residing in Poland is approximately CHF 67,111.3 Comparing this employee’s total PPP-adju…”

  • median employee compensation

    $43,244

    “in the living and economic conditions of approximately 90 countries where our employees reside.2 The PPP conversion factor represents the number of units of local currency that can buy a basket of goods that 1 CHF would …”

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