PMI U.S. chief Stacey Kennedy (NYSE: PM) sells 14,350 shares
Rhea-AI Filing Summary
Philip Morris International executive Stacey Kennedy, CEO PMI U.S., reported selling 14,350 shares of common stock at $183.13 per share in an open-market transaction, leaving 45,301 shares held directly.
On February 18, 4,324 shares were withheld at $182.67 to satisfy tax obligations on vesting awards, and current holdings include 17,530 restricted share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,350 | $183.13 | $2.63M |
| Tax Withholding | Common Stock | 4,324 | $182.67 | $790K |
Footnotes (1)
- Withholding of shares of Philip Morris International Inc. common stock to satisfy tax obligations in connection with the vesting of Restricted Share Units and Performance Stock Units. Includes 17,530 Restricted Share Units. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.00 to $183.45, inclusive. The reporting person undertakes to provide to Philip Morris International Inc., any security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
FAQ
What insider transaction did Philip Morris (PM) executive Stacey Kennedy report?
Stacey Kennedy reported an open-market sale of 14,350 Philip Morris common shares at $183.13 each. The Form 4 also shows a separate share withholding for taxes and confirms her remaining direct and restricted share unit holdings after these transactions.
What role does Stacey Kennedy hold at Philip Morris (PM) in this Form 4 filing?
Stacey Kennedy is identified as an officer, serving as CEO PMI U.S. in the Form 4. The filing reports her personal transactions in Philip Morris common stock, reflecting both an open-market sale and a tax-withholding share disposition connected to equity award vesting.