Kennedy Stacey 4

What Happened Stacey Kennedy, CEO of Philip Morris International’s U.S. business, disposed of a total of 18,674 shares in two transactions. On 2026-02-18, 4,324 shares were withheld to satisfy tax liabilities related to vested awards (value reported $789,865). On 2026-02-20, she sold 14,350 shares in the open market at a weighted average price of $183.13 for proceeds of $2,627,916. Combined proceeds reported equal $3,417,781.

Key Details

• Transaction types: F (tax withholding to cover tax obligations on vesting) on 2026-02-18; S (open-market sale) on 2026-02-20.
• Prices/values: 4,324 shares @ $182.67 = $789,865; 14,350 shares @ $183.13 (weighted avg; trades ranged $183.00–$183.45) = $2,627,916.
• Total shares disposed: 18,674; total proceeds ≈ $3,417,781.
• Footnotes: F1 = withholding to satisfy tax on vesting of RSUs/PSUs; F2 notes inclusion of 17,530 Restricted Share Units; F3 explains the open-market price is a weighted average across multiple trade prices ($183.00–$183.45).
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Form 4 was filed on 2026-02-20 for transactions on 02-18 and 02-20; this appears timely (Form 4 is generally due within two business days).

Context One part of the disposal was routine tax withholding tied to vesting of equity awards (common and not an independent sell signal). The remainder was an open-market sale; no 10b5-1 plan or other trading plan is disclosed in the provided information. These are dispositions (sales), not purchases—sales can be routine and don't necessarily indicate a change in company outlook.