Philip Morris (NYSE: PM) chairman logs tax-withholding share transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Philip Morris International Inc. director and chairman Andre Calantzopoulos reported a tax-related share disposition. On February 18, 2026, 14,740 shares of common stock were withheld at $182.67 per share to satisfy tax obligations tied to vesting Performance Stock Units, rather than an open‑market sale. Following this transaction, he directly held 587,663 shares of Philip Morris International common stock. An additional 398,412 shares are held indirectly by his spouse, and he disclaims beneficial ownership of those securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Calantzopoulos Andre
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 14,740 | $182.67 | $2.69M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 587,663 shares (Direct);
Common Stock — 398,412 shares (Indirect, By Spouse)
Footnotes (1)
- Withholding of shares of Philip Morris International Inc. common stock to satisfy tax obligations in connection with the vesting of Performance Stock Units. The reporting person disclaims beneficial ownership of the securities owned by the spouse.
FAQ
What did Andre Calantzopoulos report in his latest Form 4 for PM?
Andre Calantzopoulos reported a tax-withholding disposition of 14,740 Philip Morris International shares. The shares were withheld to cover tax obligations from vesting Performance Stock Units, not sold in an open market transaction, according to the filing footnote.
What does the spouse ownership disclosure mean in the PM Form 4?
The filing states that 398,412 PM shares are held indirectly by Andre Calantzopoulos’s spouse. A footnote explains that he disclaims beneficial ownership of those securities, indicating they are legally owned by the spouse, not by him directly.
What is the transaction code F in the Philip Morris (PM) Form 4?
Transaction code F denotes payment of tax liability or exercise price by delivering securities. In this case, 14,740 Philip Morris International shares were withheld to satisfy tax obligations arising from the vesting of Performance Stock Units on February 18, 2026.