Form 4: Philip Morris International Director Temperley Acquires Shares Under Stock Compensation Plan

Director Dessislava Temperley acquired 1,789 shares of Philip Morris International Inc. common stock at $97.84 per share under the company's 2017 Stock Compensation Plan for Non-Employee Directors.

Summary

• On May 8, 2024, Dessislava Temperley, a director of Philip Morris International Inc., acquired 1,789 shares of common stock.
• The shares were awarded under the Philip Morris International Inc. 2017 Stock Compensation Plan for Non-Employee Directors.
• The price per share was $97.84, representing the average of the high and low price on the transaction date.
• Following the transaction, Temperley directly owns 6,462 shares, which includes 2,037 deferred shares reflecting the total of the 2024 stock award and 248 deferred shares acquired through the reinvestment of dividends since May 3, 2023.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through a standard compensation plan.

Positives

• The director's participation in the stock compensation plan aligns her interests with those of the shareholders.
• The acquisition increases the director's stake in the company, demonstrating confidence in its future performance.

Industry Context

This filing is a routine disclosure of a director's stock acquisition under a pre-existing compensation plan, which is a common practice among publicly traded companies to incentivize and align the interests of their directors with those of the shareholders.

Comparison to Industry Standards

• Stock compensation plans for non-employee directors are a standard practice in publicly traded companies, including Philip Morris International's competitors in the consumer staples industry.
• Companies like Altria Group and British American Tobacco also utilize similar stock-based compensation to align director interests with shareholder value.
• The specific terms of the plan, such as vesting schedules and performance metrics, can vary, but the underlying principle of equity-based compensation remains consistent across the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates