Pfizer (NYSE: PFE) CEO gains 79 phantom stock units in plan award

Rhea-AI Filing Summary

Pfizer Inc. Chairman and CEO Albert Bourla reported an acquisition of 79 Phantom Stock Units SSP on January 14, 2026 at $25.58 per unit. Each unit represents one phantom share of Pfizer common stock and is part of the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan. After this transaction, Bourla held 743,136 phantom stock units. These units are settled in cash after his separation from service and can be moved into an alternative investment account at any time, so they function as deferred cash-based compensation rather than actual shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BOURLA ALBERT

(Last) (First) (Middle)

66 HUDSON BOULEVARD EAST

ATTN: CORPORATE SECRETARY

(Street)

NEW YORK NY 10001-2192

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PFIZER INC [ PFE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units SSP	(1)	01/14/2026		A		79		(2)	(2)	Common Stock	79	$25.58	743,136	D

Explanation of Responses:

1. Each unit represents one phantom share of common stock.

2. These units, which were acquired pursuant to the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan, are settled in cash following the reporting person's separation from service and may be transferred by the reporting person into an alternative investment account at any time.

	/s/ Shanice A. Reid, by power of atty., for Albert Bourla	01/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Pfizer (PFE) report for Albert Bourla?

Pfizer (PFE) reported that Chairman and CEO Albert Bourla acquired 79 Phantom Stock Units SSP on January 14, 2026 at $25.58 per unit as part of his deferred compensation.

What are the Phantom Stock Units SSP reported in Pfizer (PFE)'s Form 4?

The reported Phantom Stock Units SSP are units where each represents one phantom share of Pfizer common stock. They are part of the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan and are ultimately settled in cash.

How many phantom stock units does Albert Bourla hold after this Pfizer (PFE) transaction?

Following the reported acquisition, Albert Bourla beneficially owns 743,136 phantom stock units in Pfizer (PFE), all reported as held directly.

When and how are Pfizer (PFE) phantom stock units for Albert Bourla settled?

Under the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan, the phantom stock units are settled in cash after Albert Bourla’s separation from service.

Can Albert Bourla change how his Pfizer (PFE) phantom stock units are invested?

Yes. The filing states that these phantom stock units may be transferred into an alternative investment account at any time by the reporting person, within the parameters of the plan.

Does this Pfizer (PFE) Form 4 involve actual common shares being issued or traded?

No. The transaction involves phantom stock units, which are cash-settled deferred compensation tied to Pfizer’s common stock, rather than actual shares changing hands.