Form 4: Altria Group EVP and COO Jody L. Begley Reports Acquisition of Restricted Stock Units

Jody L. Begley, EVP and COO of Altria Group, reports the acquisition of 29,634 restricted stock units on February 27, 2024, increasing their total holdings.

Summary

• On February 27, 2024, Jody L. Begley, the EVP and COO of Altria Group, acquired 29,634 shares of Common Stock.
• These shares were acquired as Restricted Stock Units awarded in accordance with the terms of Altria's equity compensation plans.
• The price per share was $0.
• Following the transaction, Begley directly owns 239,615 shares of Common Stock, which includes 109,698 Restricted Stock Units.
• Begley also indirectly owns 46,763 shares through the Altria Deferred Profit-Sharing Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units by a top executive generally indicates confidence in the company's future, but it's a routine part of executive compensation.

Positives

• The acquisition of restricted stock units suggests confidence in the company's future performance from the executive.
• The equity compensation plans align the executive's interests with those of the shareholders.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with shareholder value. This Form 4 filing reflects standard equity compensation practices.

Stakeholder Impact

• The acquisition of restricted stock units by an executive can positively influence shareholder sentiment.

Key Dates