Form 4: Altria Director Connelly Receives Deferred Stock Award
SEC Form 4 Filing
Director Marjorie Mary Connelly acquired 3,219 shares of Altria Group, Inc. as deferred stock under the company's compensation plan.
Summary
- Marjorie Mary Connelly, a director of Altria Group, Inc., reported a transaction on May 15, 2025.
- She acquired 3,219 shares of Altria common stock as deferred stock awarded under the 2015 Stock Compensation Plan for Non-Employee Directors.
- The acquisition price is reported as $0.
- Following the transaction, Connelly beneficially owns 16,252 shares, including an increase of 974 shares acquired through reinvestment of dividends since May 16, 2024.
- These shares are held in the Stock Compensation Plan for Non-Employee Directors.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The acquisition of shares by a director can be seen as a slightly positive signal.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies like Altria. It reflects standard practices for aligning director interests with shareholder value through equity-based compensation.
Comparison to Industry Standards
- Director compensation packages often include deferred stock awards to incentivize long-term performance.
- Companies like Philip Morris International (PM) and British American Tobacco (BTI) also utilize similar stock compensation plans for their directors.
- The number of shares awarded and the terms of the compensation plan are generally aligned with industry benchmarks for companies of similar size and market capitalization.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| May 16, 2024 | Date of the last reportable transaction before this filing. |
| May 15, 2025 | Date of the transaction: acquisition of deferred stock. |
| May 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Altria, Director, Stock Compensation Plan, Deferred Stock, Beneficial Ownership, Form 4, MO
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