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.
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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.
How many Philip Morris (PM) shares did Stacey Kennedy sell and at what price?
She sold 14,350 Philip Morris common shares at a reported weighted average price of $183.13. A footnote explains the sale occurred in multiple trades between $183.00 and $183.45 per share, with full trade details available upon request.
What was the purpose of the 4,324-share disposition in Stacey Kennedy’s Philip Morris (PM) Form 4?
The 4,324-share disposition was for tax withholding related to vesting Restricted Share Units and Performance Stock Units. Shares were withheld at $182.67 per share to satisfy tax obligations, rather than being an open-market sale initiated for portfolio or liquidity reasons.
How many Philip Morris (PM) shares does Stacey Kennedy hold after these transactions?
After the reported transactions, Stacey Kennedy directly holds 45,301 shares of Philip Morris common stock. A footnote states this total includes 17,530 Restricted Share Units, which are share-based awards that typically vest over time according to the company’s compensation programs.
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.