Form 4: Philip Morris International Director Jun Makihara Reports Changes in Beneficial Ownership

Director Jun Makihara reports changes in beneficial ownership of Philip Morris International Inc. stock, including acquisitions of common stock and phantom stock units.

Summary

• On March 28, 2024, Jun Makihara, a director of Philip Morris International Inc., reported changes in their beneficial ownership of the company's stock.
• The report details the acquisition of 339 phantom stock units and an increase of 337 deferred shares through dividend reinvestment since December 29, 2023.
• Makihara directly owns 26,941 shares of common stock and indirectly owns 1,360 shares through their spouse.
• The phantom stock units, totaling 21,460, will be settled in cash upon termination of their board membership.
• The price of Philip Morris International Inc. common stock on March 28, 2024, averaged $92.125.

Sentiment

Score: 5

Explanation: This is a neutral report on stock ownership changes, with no inherent positive or negative sentiment.

Future Outlook

The phantom stock units will be settled in cash upon the reporting person's termination as a member of the Issuer's Board of Directors.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their holdings and transactions in the company's stock. It reflects the compensation structure for non-employee directors at Philip Morris International.

Stakeholder Impact

• The report provides transparency to shareholders regarding the holdings of a company director.
• The transactions have a minimal impact on other stakeholders.

Key Dates