Form 4: Altria Executive Surgner W. Hildebrandt Jr. Reports Stock Transactions

Altria's VP, Corp. Sec'y & Assoc. GC, Surgner W. Hildebrandt Jr., reports acquisition and disposal of company stock related to vesting of stock units and tax obligations.

Summary

• On February 28, 2024, Surgner W. Hildebrandt Jr., VP, Corp. Sec'y & Assoc. GC of Altria Group, Inc., reported transactions involving Altria's common stock.
• He acquired 2,309 shares of common stock upon the vesting of Performance Stock Units granted on February 25, 2021, at a price of $0.
• He also disposed of 1,963 shares to satisfy tax obligations related to the vesting of Performance Stock Units and Restricted Stock Units at a price of $40.9.
• Following these transactions, Hildebrandt directly owns 62,174 shares of Altria common stock, which includes 26,386 Restricted Stock Units and 31,499 shares held jointly with his wife.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance or outlook.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Altria.
• Similar filings are made by executives at companies like Philip Morris International (PM) and British American Tobacco (BTI) when they trade their company's stock.
• The reporting requirements are standardized by the SEC, ensuring transparency across the industry.

Key Dates