De Wilde Frederic 4
4 · Philip Morris International Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Philip Morris (PM) CEO Frederic De Wilde Sells 20,000 Shares
What Happened
Frederic De Wilde, CEO of PMI International (Philip Morris), disposed of shares in two related transactions. On 2026-02-18, 1,000 shares were withheld to satisfy tax obligations tied to vested awards at $182.67 per share (value $182,670). On 2026-02-19 he sold 20,000 shares in an open-market transaction at a weighted average price of $182.58 per share (proceeds $3,651,600). Combined proceeds/withholding amount to approximately $3,834,270. Both actions are dispositions (not purchases).
Key Details
- Transaction dates and prices:
- 2026-02-18: F (tax withholding) — 1,000 shares @ $182.67 = $182,670.
- 2026-02-19: S (open-market sale) — 20,000 shares @ weighted avg $182.58 = $3,651,600. (Sale prices ranged $182.43–$182.96 per footnote.)
- Total disposed: 21,000 shares; combined value ≈ $3,834,270.
- Holdings note: Filing footnote indicates holdings include 39,140 Restricted Share Units (RSUs).
- Footnotes: F1 = shares withheld to satisfy tax on vesting; F3 = weighted average price & multiple execution prices (reporting person can provide per-price breakdown on request).
- Filing/timeliness: Form 4 filed 2026-02-20 covering transactions on 2026-02-18 and 2026-02-19 — no late filing indicated in the report.
Context
The 1,000-share transaction is a routine tax-withholding tied to vesting of equity awards (cashless-like disposition). The 20,000-share open-market sale is a standard insider sale; sales are common and do not necessarily indicate a change in company outlook. Purchases are generally more informative about insider sentiment; these actions are disposals only.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-18$182.67/sh−1,000$182,670→ 153,513 total - Sale
Common Stock
[F3][F2]2026-02-19$182.58/sh−20,000$3,651,600→ 133,513 total
Footnotes (3)
- [F1]Withholding of shares of Philip Morris International Inc. common stock to satisfy tax obligations in connection with the vesting of Restricted Share Units and Performance Stock Units.
- [F2]Includes 39,140 Restricted Share Units.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $182.43 to $182.96, inclusive. The reporting person undertakes to provide to Philip Morris International Inc., any security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.