Form 4: Altria CEO William F. Gifford Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Altria Group CEO William F. Gifford Jr. reports acquisition of restricted stock units and adjustments to holdings in company stock and deferred profit-sharing plan.
Summary
- On February 27, 2024, William F. Gifford Jr., CEO of Altria Group, reported changes in his beneficial ownership of the company's securities.
- He acquired 88,718 shares of common stock at $0, likely through the award of restricted stock units.
- Following the transaction, Gifford directly owns 625,216 shares of common stock, which includes 369,155 Restricted Stock Units.
- He also indirectly owns 1,747 shares through the Altria Deferred Profit-Sharing Plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing reporting changes in stock ownership.
Positives
- The acquisition of restricted stock units aligns the CEO's interests with the company's performance and shareholder value.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- Shareholders are informed about changes in the CEO's stake in the company, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Acquisition of common stock and adjustment of holdings. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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