MUNOZ GEORGE 4

What Happened

• George Munoz, a member of Altria Group, Inc.'s board of directors, exercised/converted 2,078 derivative share units (transaction code M) and disposed of them on Feb 13, 2026. The transaction is reported at $67.09 per share (average of the high and low on Feb 13), for a cash value of approximately $139,408. This was not a purchase; it was a conversion/exercise followed by disposition (cash settlement/sale).

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026.
• Quantity and price: 2,078 share equivalents at $67.09 each; total value ~$139,408.
• Nature: Exercise/conversion of derivative (M) with disposition (cash settlement/sale).
• Shares owned after transaction: not specified in the provided excerpt. Footnote indicates Munoz has deferred holdings (see below).
• Relevant footnotes:
  • F1: Includes 7,714 deferred shares held in the Stock Compensation Plan for Non-Employee Directors.
  • F2: Phantom stock units convert to the cash value of the issuer's common stock on a 1-for-1 basis.
  • F3/F4/F6: These share equivalents are being (or will be) settled in cash pursuant to the Deferred Fee Plan for Non-Employee Directors, as elected by the participant.
  • F5: $67.09 is the average of the high and low price of Altria common stock on Feb 13, 2026.
• Timing note: The Form 4 was filed five days after the transaction date; Form 4s are generally due within two business days, so investors may want to review filing timeliness in the EDGAR record.

Context

• This was a derivative conversion/cash settlement rather than an open-market purchase. Director deferrals and phantom-unit cash settlements are commonly part of routine compensation and do not necessarily signal a change in personal investment conviction. For retail investors, purchases by insiders typically carry more interpretive weight than routine settlements or cash conversions.