Form 4: Altria Director Ellen R. Strahlman Reports Changes in Beneficial Ownership

Director Ellen R. Strahlman reports acquisition of phantom stock units and changes in common stock holdings through dividend reinvestment and participation in deferred fee plans.

Summary

• Ellen R. Strahlman, a director of Altria Group, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• The report indicates the acquisition of 539 phantom stock units on September 30, 2024, under the Deferred Fee Plan for Non-Employee Directors.
• These phantom stock units convert to cash value equivalent to Altria's common stock on a 1-for-1 basis and will be distributed in cash either before or after termination of board service, based on the director's election.
• Strahlman's holdings in the Stock Compensation Plan for Non-Employee Directors increased by 346 shares due to dividend reinvestment since June 28, 2024.
• Her share equivalents in the Deferred Fee Plan also increased by 246 shares through dividend reinvestment since June 28, 2024.
• The average of the high and low price of Altria Group, Inc. common stock on September 30, 2024 was $50.96.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating neutral sentiment. The director's continued investment through dividend reinvestment is a mildly positive signal.

Positives

• The acquisition of phantom stock units and reinvestment of dividends demonstrate the director's continued investment in the company.
• The director's participation in the Deferred Fee Plan aligns her interests with the long-term performance of Altria.

Future Outlook

The director will receive distributions of phantom stock units in cash either prior to or following termination of service as a member of the issuer's board of directors, as elected by the participant.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings and transactions.
• The director's continued investment may signal confidence in the company's future performance.

Key Dates