PM · Quarterly Report (Form 10-Q) · Filed April 24, 2026

Philip Morris International Inc — 10-Q exhibit

pm-ex103_033126xq1.htm

Philip Morris International Inc on Boardroom Alpha

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Exhibit 10.3

PERSONAL AND CONFIDENTIAL

To: Mr. Jacek Olczak Lausanne, February 23, 2026

Dear Jacek,

We are pleased to confirm that as of February 1, 2026, your base salary has been increased to CHF 1’600’000.-- annually. This represents a 6.67% increase.

All other conditions relating to your employment with PMI Management Sàrl remain as stated in your employment contract and in any subsequent amendments.

Yours sincerely,

PMI Management Sàrl


/s/ FREDERIC PATITUCCI Frederic Patitucci Group Chief People & Culture Officer						/s/ CONSTANTIN ROMANOV Constantin Romanov Vice President Total Rewards

PMI Management Sàrl, Avenue de Rhodanie 50, 1007 Lausanne, Switzerland

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