Tobacco

Reading the Tobacco CEO Pay Landscape (SIC 21, FY2023)

The Tobacco industry, classified under 2-digit SIC code 21, had 4 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 157:1 and the average was 183:1. Median CEO total compensation in the sector was $16.3M, with the sector-wide average at $13.5M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.

Pay dispersion inside this industry is substantial. The 25th percentile CEO in Tobacco earned $11.7M, while the 75th percentile CEO earned $18.1M — a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. When the average and median ratios are close, as they are here, pay practices in the sector are relatively uniform and the median is a reliable representative value.

Below you can scan each of the 4 Tobacco companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.