Olczak Jacek 4

What Happened

• Jacek Olczak, Group CEO and Director of Philip Morris International (PM), acquired awarded shares in two transactions: 137,579 shares reported 2026-02-05 at $0.00 (PSUs earned) and 33,460 shares reported 2026-02-06 at an assigned value of $172.93 each (total ~$5,786,238). Both transactions are coded as A (award/grant/acquisition).

Key Details

• Transaction dates and values:
  • 2026-02-05: 137,579 shares @ $0.00 (award reflecting earned PSUs)
  • 2026-02-06: 33,460 shares @ $172.93 (valued at $5,786,238)
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes of note:
  • F1: 137,579 shares reflect PSUs earned after Board certification of a year-three performance goal; those PSUs vest on Feb 18, 2026.
  • F2: Restricted Share Units awarded under the 2022 Performance Incentive Plan; these RSUs vest on Feb 21, 2029.
  • F3: $172.93 is the 20‑day average closing price used to value the Feb 6 award.
  • F4: Includes 179,780 Restricted Share Units (as reported in the filing).
• Filing timeliness: Form 4 filed Feb 9, 2026 for transactions on Feb 5–6, 2026 — within the typical 2 business‑day reporting window (timely).

Context

• These were awards/grants (compensation-related), not open-market purchases or sales; awards can reflect prior performance and are often time- or performance‑vested rather than immediate cashing events. The Feb 6 tranche was valued using a 20-day average price for reporting purposes; it does not indicate an actual sale.