Kennedy Stacey 4

What Happened Kennedy Stacey, CEO of PMI U.S., was granted/received a total of 16,210 shares via awards: 11,780 shares reported 2026-02-05 with $0.00 per share (earned PSUs) and 4,430 shares reported 2026-02-06 valued at $172.93 each (totaling $766,080). The 11,780 represent performance stock units (PSUs) certified as achieved; the 4,430 are restricted share units (RSUs) awarded under the company’s incentive plan.

Key Details

• Transaction dates and values:
  • 2026-02-05: 11,780 shares, $0.00 (PSUs earned; reported as acquisition)
  • 2026-02-06: 4,430 RSUs, valued at $172.93 each (20-day average), total ~$766,080
• Vesting/award notes:
  • F1: The 11,780 PSUs were certified as achieved and vest on February 18, 2026.
  • F2: The 4,430 RSUs were awarded under the 2022 Performance Incentive Plan and will vest on February 21, 2029.
  • F3: $172.93 is the 20-trading-day average closing price prior to 2026-02-06 used to value the RSUs.
  • F4: The filing also notes holdings that include 22,600 Restricted Share Units.
• Shares owned after the transaction: the filing excerpt provided does not list a total post-transaction share count; it does indicate inclusion of 22,600 RSUs in reported holdings.
• Filing timeliness: Form 4 was filed 2026-02-09 for transactions on 2026-02-05 and 2026-02-06 — this filing is within the SEC’s two-business-day window and appears timely.

Context

• These transactions are award grants (code A), not open-market purchases or sales; awards reflect compensation or performance payouts rather than direct market purchases and do not by themselves indicate buying/selling intent.
• PSUs are performance-based awards that were certified as achieved (F1) but still have a specified vesting date; RSUs generally vest over time (here, 2029).