Mancuso Salvatore 4
Research Summary
AI-generated summary
Altria CFO Salvatore Mancuso Receives Award; Shares Withheld
What Happened
- Salvatore Mancuso, EVP & CFO (and director) of Altria Group (MO), received 17,166 shares on February 26, 2026 upon vesting of Performance Stock Units (PSUs). These shares were reported as acquired at $0.00 (code A).
- At the same time, 17,385 shares were withheld/treated as disposed (code F) to satisfy tax withholding on the vesting. The withholding was calculated at $69.70 per share, totaling $1,211,735.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (filed after the usual two-business-day window).
- Awarded/Acquired: 17,166 shares (PSU vesting), reported at $0.00.
- Withheld/Disposed for taxes: 17,385 shares at $69.70/share = $1,211,735.
- Price reference: $69.70 is the closing price on February 25, 2026 (footnote).
- Footnotes: F1 = shares received on vesting of PSUs granted Feb 27, 2023; F2 = shares withheld to satisfy taxes on PSU/RSU vesting; F4 notes a total that includes 83,185 Restricted Stock Units; F5 notes shares held in the Altria Deferred Profit-Sharing Plan.
- Shares owned after transaction: not specified in the details provided in this summary.
- Timeliness: The Form 4 was filed March 2 for a Feb 26 transaction, which appears to be late relative to the standard two-business-day filing requirement.
Context
- This was a vesting of equity awards (PSUs/RSUs), not an open-market purchase or discretionary sale. The withholding (code F) is a routine tax-related disposition—common when awards vest—and does not necessarily reflect a decision to sell shares for investment reasons.
- The net effect is Mancuso received newly vested shares but had a portion withheld to cover taxes, reducing the number of shares actually delivered to him.