Form 4: Philip Morris International Executive Volpetti Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stefano Volpetti, a principal officer at Philip Morris International, sold shares to cover tax obligations related to vesting of stock units.
Summary
- On February 19, 2025, Stefano Volpetti, Principal Smoke Free and Chief Consumer Officer of Philip Morris International Inc., disposed of 1,502 shares of common stock to satisfy tax obligations.
- The shares were sold at a price of $148.74 per share.
- Following the transaction, Volpetti directly owns 117,380 shares of Philip Morris International Inc., which includes 25,030 Restricted Share Units.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, and not indicative of a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from stock-based compensation, a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of transaction: Stefano Volpetti disposed of shares to cover tax obligations. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Philip Morris International, Insider Trading, Stock Sale, Volpetti, Tax Obligations, Restricted Share Units, PM
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