Form 4: Altria Executive Sells Shares to Cover Taxes on Vesting Restricted Stock Units

An Altria Group executive, Robert A. McCarter III, sold 4,262 shares of common stock to cover taxes related to the vesting of restricted stock units.

Summary

• Robert A. McCarter III, an Executive Vice President and General Counsel at Altria Group, Inc., sold 4,262 shares of common stock on January 28, 2025.
• The sale was executed to cover tax obligations arising from the vesting of restricted stock units.
• The shares were sold at a price of $53.465 per share.
• Following the transaction, McCarter beneficially owns 78,653 shares, which includes 61,213 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover taxes are a common practice across publicly traded companies.
• The sale of 4,262 shares is not unusual for an executive at Altria, and the price of $53.465 is consistent with the market value of the stock at the time.
• Similar transactions are regularly reported by executives at comparable companies such as Philip Morris International and British American Tobacco.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover taxes.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Altria, Executive Stock Sale, Form 4, Restricted Stock Units, Insider Trading, Tax Obligations