Form 4: Philip Morris International Inc. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Reginaldo Dobrowolski, Vice President and Controller of Philip Morris International Inc., sold 2,000 shares of common stock to cover annual Swiss tax obligations.
Summary
- On March 5, 2024, Reginaldo Dobrowolski, Vice President and Controller of Philip Morris International Inc., sold 2,000 shares of common stock at a price of $90.69 per share.
- The transaction was executed to cover annual Swiss tax obligations.
- Following the transaction, Dobrowolski directly owns 9,726 shares of common stock, which includes 4,400 Restricted Share Units.
- Dobrowolski's spouse indirectly owns 20,359 shares of common stock, which includes 7,950 Restricted Share Units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't necessarily indicate a positive or negative outlook on the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be for tax purposes and may not reflect a change in Dobrowolski's long-term outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of the transaction: Reginaldo Dobrowolski sold 2,000 shares of common stock. |
| 03/11/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.