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ALTRIA GROUP, INC.·4

Mar 2, 3:47 PM ET

Newman Heather A. 4

Research Summary

AI-generated summary

Updated

Altria (MO) SVP Heather Newman Receives Award; Shares Withheld

What Happened

  • Heather A. Newman, Senior Vice President & Chief Strategy & Growth Officer at Altria Group (MO), received 11,822 shares upon vesting of performance stock units on 2026-02-26. To satisfy tax withholding on the vesting event, 11,343 shares were withheld/disposed at $69.70 per share, generating approximately $790,607. Net shares delivered to Newman from this vesting were 479 shares.
  • This was an award/vesting event (code A) with a related tax-withholding disposition (code F), a routine administrative transaction rather than an open-market sale or purchase.

Key Details

  • Transaction date: February 26, 2026.
  • Award: 11,822 shares received (vested Performance Stock Units).
  • Tax withholding/disposition: 11,343 shares at $69.70 per share = $790,607 (shares withheld to satisfy taxes).
  • Price reference: $69.70 is the closing price on February 25, 2026 (the last trading day before vesting).
  • Net new shares to insider after withholding: 479 shares.
  • Holdings notes: filing footnotes state total holdings include 69,760 Restricted Stock Units and some shares are held in the Altria Deferred Profit-Sharing Plan.
  • Footnotes summary:
    • F1: Shares received upon vesting of Performance Stock Units granted 2/27/2023.
    • F2: Shares were withheld to satisfy taxes on vesting of PSUs and RSUs.
    • F3: Closing price used was $69.70 (2/25/2026).
    • F4: Total holdings include 69,760 RSUs.
    • F5: Some shares held in the Altria Deferred Profit-Sharing Plan.
  • Filing timeliness: Report filed 2026-03-02 for a 2026-02-26 transaction; filing appears timely (within the 2 business‑day Form 4 window).

Context

  • This was a vesting/award event, not an open-market sale or purchase. The withholding of shares to cover taxes is standard practice (reported as a disposition for tax purposes) and does not necessarily indicate a change in insider sentiment.
  • For retail investors, vesting and tax-withholding entries commonly reflect routine compensation processing rather than directional trades by the insider.