Calantzopoulos Andre 4
Research Summary
AI-generated summary
Philip Morris (PM) Chairman Andre Calantzopoulos Receives Award
What Happened
- Andre Calantzopoulos, Chairman and Director of Philip Morris International (PM), reported an award acquisition of 40,052 common shares on the Form 4 covering the 2026-02-05 event. The filing shows an acquisition price of $0.00 because these shares were issued under a Performance Stock Unit (PSU) award rather than purchased for cash.
Key Details
- Transaction date: February 5, 2026; Form 4 filed: February 9, 2026 (filed within the typical 2-business-day window).
- Shares reported acquired: 40,052 at $0.00 (award/grant).
- Footnote F1: These shares were earned after the Board certified achievement of the year-three performance goal for PSUs granted on February 9, 2023; PSUs vest on February 18, 2026.
- Footnote F2: The reporting person disclaims beneficial ownership of securities owned by the spouse.
- Shares owned after transaction: not specified in the provided summary of the filing.
Context
- This was an award/vesting of PSUs tied to multi-year performance goals, not an open-market purchase or sale. Such awards are compensation that vests when performance targets are met and do not by themselves indicate a buy/sell signal.