Philip Morris (PM) officer reports 22-share tax-withholding disposition in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Philip Morris International Inc. executive Reginaldo Dobrowolski reported a small insider transaction related to tax withholding. On March 6, 22 shares of Common Stock were disposed of at $169.98 per share to cover tax obligations from the vesting of Restricted Share Units.
These 22 shares are held indirectly through his spouse, who is an employee of Philip Morris International Inc. After this indirect tax-withholding disposition, 7,232 shares are reported as indirectly owned. Separately, 21,182 shares are reported as directly owned, which includes 7,630 Restricted Share Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dobrowolski Reginaldo
Role
Group Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 22 | $169.98 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,232 shares (Indirect, Spouse);
Common Stock — 21,182 shares (Direct)
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. Spouse is an employee of Philip Morris International Inc. She holds 4,082 shares of the common stock of Philip Morris International Inc. outright with a bank or a broker, and currently holds 3,150 Restricted Share Units. Includes 7,630 Restricted Share Units.
FAQ
What insider transaction did Reginaldo Dobrowolski report at Philip Morris (PM)?
Reginaldo Dobrowolski reported a small insider transaction involving 22 Philip Morris shares disposed at $169.98 each. The shares were withheld to satisfy tax obligations arising from the vesting of Restricted Share Units, rather than an open-market sale for investment purposes.
Was the Form 4 transaction for Philip Morris (PM) an open-market sale?
The transaction was not an open-market sale. It was a tax-withholding disposition, where 22 shares were delivered to cover tax obligations from Restricted Share Unit vesting, as described in the footnotes, rather than a discretionary sale initiated on the market.
How is Dobrowolski’s spouse involved in the Philip Morris (PM) holdings?
Dobrowolski’s spouse is a Philip Morris employee and holds shares in her own name. The footnotes state she owns 4,082 shares of common stock outright with a bank or broker and currently holds 3,150 Restricted Share Units granted by the company.
What does the tax-withholding footnote mean for Philip Morris (PM) investors?
The tax-withholding footnote explains that 22 Philip Morris shares were withheld to pay taxes on vesting Restricted Share Units. This is a routine administrative mechanism for equity compensation, indicating settlement of tax obligations rather than a discretionary sell decision by the executive.