Form 4: Philip Morris International Director Michel Combes Acquires Shares

Director Michel Combes acquired 1,002 shares of Philip Morris International Inc. common stock at an average price of $174.82 on May 7, 2025.

Summary

• On May 7, 2025, Michel Combes, a director of Philip Morris International Inc., acquired 1,002 shares of common stock.
• The shares were acquired at a price of $174.82 per share.
• This acquisition was made under the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors.
• Following the transaction, Combes directly owns 10,204 shares, which includes 9,170 deferred shares held in the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors.
• The deferred shares increased by 1,355 due to the 2025 stock award and 353 shares acquired through dividend reinvestment since May 8, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction report. The director's purchase is a mildly positive signal, but not significantly impactful.

Positives

• The director's stock purchase could be seen as a positive signal, indicating confidence in the company's future performance.
• The increase in deferred shares through dividend reinvestment shows a long-term commitment to the company.

Industry Context

Director stock purchases are common and are often viewed as a sign of confidence in the company's prospects. The Philip Morris International stock compensation plan is designed to align the interests of non-employee directors with those of shareholders.

Comparison to Industry Standards

• Stock compensation plans for non-employee directors are a common practice among publicly traded companies, including Philip Morris International's peers in the consumer staples industry.
• These plans typically involve the grant of restricted stock units or stock options that vest over time, aligning the directors' interests with the long-term performance of the company.
• The specific terms of these plans, such as the vesting schedule and the number of shares granted, can vary depending on the company and its compensation policies.
• Comparing Philip Morris International's stock compensation plan to those of companies like Altria Group (MO) or British American Tobacco (BTI) would provide a more detailed understanding of its relative generosity and effectiveness.

Stakeholder Impact

• The director's stock purchase may have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Philip Morris International, Director, Stock Acquisition, Michel Combes, PM, Stock Compensation Plan, Deferred Shares, Dividend Reinvestment