Calantzopoulos Andre 4

What Happened Andre Calantzopoulos, Chairman and Director of Philip Morris International (PM), had 14,740 shares withheld to satisfy tax obligations related to the vesting of Performance Stock Units (PSUs). The shares were valued at $182.67 each, resulting in a withholding/surrender of $2,692,556 on February 18, 2026. This transaction represents tax withholding (code F), not an open-market sale or a buy.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-20 (filed within typical 2-business-day window).
• Price per share: $182.67; Shares withheld/disposed: 14,740; Total value: $2,692,556.
• Transaction code: F (payment of exercise price or tax liability — here used to withhold shares to cover taxes on vested PSUs).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — withholding of shares to satisfy tax obligations on PSU vesting; F2 — the reporting person disclaims beneficial ownership of securities owned by the spouse.

Context Withholding shares to cover taxes on vested equity awards is a routine administrative action and is generally neutral regarding insider sentiment, since it’s not a market sale or purchase. This is effectively a cashless withholding of vested PSUs rather than a discretionary sale.