De Wilde Frederic 4

What Happened Frederic De Wilde, CEO of Philip Morris International’s international business, received equity awards reported as acquisitions. On 2026-02-05 he was credited with 22,439 shares (reported at $0.00, reflecting earned/vested PSUs). On 2026-02-06 he was credited with 10,640 shares valued at $172.93 each, a total reported value of $1,839,975. These were awards/grants (transaction code A), not open-market purchases.

Key Details

• Transaction dates and values:
  • 2026-02-05: 22,439 shares at $0.00 (acquisition from achievement of PSUs) — $0 cash paid.
  • 2026-02-06: 10,640 shares at $172.93 (average closing price) — $1,839,975 total value.
• Vesting / award notes:
  • F1: 22,439 shares reflect PSUs certified for year-three performance; PSUs vest 2026-02-18.
  • F2: 10,640 are Restricted Share Units (RSUs) under the 2022 Performance Incentive Plan; RSUs vest 2029-02-21.
  • F3: $172.93 is the 20-trading-day average closing price used to value the 10,640 RSUs.
  • F4: Filing notes inclusion of 47,010 Restricted Share Units in reported holdings.
• Shares owned after the transaction: the filing does not report a single total beneficial-ownership number in this summary; it specifically notes included RSUs (see F4).
• Timeliness: Filing dated 2026-02-09 for transactions on Feb 5–6 appears to be timely.

Context These filings reflect company compensation awards (PSUs/RSUs) rather than purchases or sales in the open market. PSUs are performance-based and the 22,439 shares were credited after the board certified a performance goal; RSUs remain subject to future vesting. Such awards are standard executive compensation and do not, by themselves, signal an open-market bullish or bearish trade.