Form 4: Altria CEO William F. Gifford, Jr. Reports Stock Transactions
SEC Form 4 Filing
Altria Group CEO William F. Gifford, Jr. reports acquisition and disposal of company stock related to vesting of performance stock units and tax obligations.
Summary
- William F. Gifford, Jr., CEO of Altria Group, Inc., filed a Form 4 detailing changes in beneficial ownership of Altria stock.
- On April 16, 2025, Mr. Gifford acquired 31,037 shares of common stock upon the vesting of Performance Stock Units granted on April 16, 2020.
- Also on April 16, 2025, 37,243 shares were withheld to satisfy tax obligations related to the vesting of Performance Stock Units and Restricted Stock Units at a price of $57.52.
- Following these transactions, Mr. Gifford directly owns 689,127 shares of Altria common stock and indirectly owns 1,747 shares through the Altria Deferred Profit-Sharing Plan.
- The total direct holdings include 243,462 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency regarding the CEO's stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 04/16/2020 | Date of grant for Performance Stock Units that vested on April 16, 2025. |
| 04/15/2025 | The closing price of Altria Group, Inc. common stock on this day was $57.52. |
| 04/16/2025 | Date of stock acquisition and disposal due to vesting of Performance Stock Units and tax withholding. |
| 04/18/2025 | Date of Form 4 filing. |
Keywords
Altria, Gifford, Stock, Form 4, Beneficial Ownership, Securities, CEO
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