Form 4: Altria Group Executive Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Altria Group's Vice President and Controller, Steve D'Ambrosia, reports acquisition and disposal of company stock related to vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs).
Summary
- On February 27, 2025, Steve D'Ambrosia, Vice President & Controller of Altria Group, Inc., reported transactions involving Altria's common stock.
- He acquired 1,581 shares of common stock upon the vesting of Performance Stock Units (PSUs) granted on February 24, 2022.
- 1,336 shares were withheld to satisfy tax obligations related to the vesting of PSUs and Restricted Stock Units (RSUs) at a price of $54.85 per share, which was the closing price of Altria's common stock on February 26, 2025.
- Following these transactions, D'Ambrosia directly owns 26,096 shares of Altria common stock, which includes 10,738 Restricted Stock Units and 5,765 shares held jointly with his wife.
- He also indirectly owns 9,079 shares through the Altria Deferred Profit-Sharing Plan and 8,089 shares held by his wife.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Altria Group.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Date of grant for the Performance Stock Units that vested. |
| February 26, 2025 | Closing price of Altria Group, Inc. common stock ($54.85) used for tax withholding calculation. |
| February 27, 2025 | Date of the reported stock transactions (vesting and tax withholding). |
| March 03, 2025 | Date of signature on the Form 4 filing. |
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