Form 4: Altria CEO William F. Gifford, Jr. Reports Stock Transactions
SEC Form 4 Filing
Altria's CEO, William F. Gifford, Jr., reports the vesting of performance stock units and shares withheld for taxes.
Summary
- On February 28, 2024, William F. Gifford, Jr., CEO of Altria Group, Inc., reported transactions involving Altria's common stock.
- He acquired 46,936 shares of common stock upon the vesting of Performance Stock Units granted on February 25, 2021, at a price of $0.
- 54,675 shares were withheld to satisfy taxes on the vesting of Performance Stock Units and Restricted Stock Units at a price of $40.9.
- Following these transactions, Gifford directly owns 617,477 shares of common stock and indirectly owns 1,747 shares through the Altria Deferred Profit-Sharing Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document simply reports routine stock transactions. The vesting of stock units suggests the achievement of performance goals, which is mildly positive.
Positives
- The vesting of Performance Stock Units indicates that performance targets were likely met, which is a positive signal.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to the SEC.
Stakeholder Impact
- The stock transactions have a minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/25/2021 | Date of grant for Performance Stock Units that vested on 02/28/2024 |
| 02/27/2024 | Closing price of Altria Group, Inc. common stock used for tax withholding calculation. |
| 02/28/2024 | Date of stock transactions (vesting and tax withholding). |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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