Form 4: Philip Morris International Executive Yann Guerin Reports Stock Transactions

Yann Guerin, SVP & General Counsel of Philip Morris International, reports the withholding of shares for tax obligations and the sale of shares to cover Swiss tax obligations.

Summary

• On February 19, 2025, Yann Guerin, SVP & General Counsel of Philip Morris International, had 193 shares of common stock withheld to satisfy tax obligations related to the vesting of Restricted Share Units and Performance Stock Units at a price of $148.74.
• Following this transaction, Guerin directly owned 32,808 shares of common stock, including 13,540 Restricted Share Units.
• On February 20, 2025, Guerin sold 2,500 shares of common stock at a weighted average price of $151.28 to cover annual Swiss tax obligations, reducing direct ownership to 30,308 shares.
• The shares were sold in multiple transactions at prices ranging from $151.28 to $151.33.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It reflects routine financial activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders and helps maintain market integrity.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Philip Morris International, similar to filings made by executives at comparable companies such as Altria Group (MO) and British American Tobacco (BTI).
• The transactions reported are typical for executives managing their personal finances and tax obligations related to stock-based compensation.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders, as they represent a small percentage of the company's outstanding shares.

Key Dates

Keywords

Philip Morris International, Yann Guerin, stock sale, Form 4, insider trading, tax obligations, common stock, restricted share units, performance stock units