Form 4: Altria Executive VP & CFO Salvatore Mancuso Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Salvatore Mancuso, Executive VP & CFO of Altria Group, Inc., reports the acquisition and disposal of common stock related to vesting of performance stock units and tax withholdings.
Summary
- On February 28, 2024, Salvatore Mancuso, Executive VP & CFO of Altria Group, Inc., reported changes in beneficial ownership of Altria's common stock.
- Mancuso acquired 15,744 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 15,964 shares to satisfy taxes on the vesting of Performance Stock Units and Restricted Stock Units at a price of $40.9.
- Following these transactions, Mancuso directly owns 242,656 shares of common stock and indirectly owns 4,946 shares through the Altria Deferred Profit-Sharing Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. The vesting of stock units is generally a positive sign, but the tax-related disposal is a standard occurrence.
Positives
- The vesting of Performance Stock Units indicates that performance goals were likely met, which is a positive signal.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing is typical for executives receiving and managing equity compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/25/2021 | Date of grant for Performance Stock Units that vested on 02/28/2024 |
| 02/27/2024 | The closing price of Altria Group, Inc. common stock on this day was $40.9. |
| 02/28/2024 | Date of transaction: Acquisition of shares upon vesting of Performance Stock Units and disposal of shares for tax withholdings. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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