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(1) |
The numbers in these columns represent the range of potential awards as of the time of the grant. Actual awards payable under these plans for 2007 are found in the Annual Incentive Plan and Long-Term Incentive Plan columns of the Summary Compensation Table. See the above discussion of annual and long-term incentive plan awards generally and annual and long-term incentive awards made for 2007. The 2007-2009 LTIP performance cycle commenced on January 1, 2007 and, as discussed above, concluded on December 31, 2007. |
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(2) |
These Altria deferred stock awards vest on February 12, 2010. Dividend equivalents are payable on a quarterly basis throughout the restriction period. The grant date fair value was determined by using the average of the high and the low trading prices of our stock on the grant date. On January 31, 2007, the average of the high and low trading prices of our stock was $87.36. The grant date closing market price of our stock on that day was $87.39. In addition, on January 30, 2008, each of our named executives received Altria deferred stock awards, with a value at such date as follows: Mr. Camilleri, 330,280 shares, $25,352,293; Mr. Calantzopoulos, 27,360 shares, $2,100,154; Mr. Szymanczyk, 28,670 shares, $2,200,709; and Mr. Wall, 27,360 shares, $2,100,154. Mr. Devitre and Mr. Parrish did not receive a stock award as they retired in connection with the spin-off of PMI. See “Treatment of Compensation and Benefit Programs At Completion of the Spin-Off of PMI” and “Treatment of Compensation and Benefit Programs At Completion of the Spin-Off of Kraft” for how each named executive officer’s deferred stock award has been adjusted to reflect the spin-off of PMI and Kraft, respectively.
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