Patterson Katie F 4
Research Summary
AI-generated summary
Altria (MO) VP Katie Patterson Withholds 844 Shares for Taxes
What Happened
- Katie F. Patterson, Vice President and Controller of Altria Group, had 844 shares withheld on 2026-02-26 to satisfy tax withholding related to the vesting of Restricted Stock Units (RSUs). The withholding used a price of $69.70 per share for a total value of $58,827. This was a tax-withholding transaction (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-26; filing date: 2026-03-02 (timely).
- Price per share used: $69.70 (closing price on Feb 25, 2026, per footnote).
- Shares withheld/disposed: 844; total value ≈ $58,827.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — shares withheld to satisfy taxes on RSU vesting; F2 — price is Feb 25 closing price; F3 — total holdings reported include 10,382 RSUs.
- Transaction code: F (tax withholding). This is routine and does not indicate a discretionary sale by the insider.
Context
- Withholding shares to cover taxes on vesting is a common administrative action and generally shouldn't be read as a bullish or bearish signal. It reduces the insider’s outstanding shares only to the extent of tax payment and does not represent an open-market trade.