Guerin Yann 4

What Happened Guerin Yann, Group Chief Legal Officer at Philip Morris International (PM), sold shares in two related transactions. On 2026-02-19 he sold 4,000 shares in an open-market transaction at $181.69 per share for proceeds of $726,760. On 2026-02-18, 176 shares were withheld to satisfy tax obligations related to the vesting of equity awards at $182.67 per share, a value of about $32,150. Both transactions are disposals (sales/withholding), which are typically routine rather than an endorsement of company direction.

Key Details

• Transactions: 2026-02-18 — 176 shares withheld for taxes at $182.67 each (~$32,150) [code F]; 2026-02-19 — 4,000 shares sold open market at $181.69 each ($726,760) [code S].
• Total proceeds/values reported: ~ $758,910 combined.
• Footnotes: F1 — shares were withheld to satisfy tax obligations from vesting of Restricted Share Units and Performance Stock Units; F2 — filing notes inclusion of 16,510 Restricted Share Units in reported holdings.
• Shares owned after the transactions: not specified in the details provided in your summary.
• Filing date: Form filed Feb 20, 2026 covering Feb 18–19 transactions; the filing does not indicate a late filing.

Context

• The 176-share transaction is a tax-withholding event related to the vesting of RSUs/PSUs (a common, non-market-signaling event). The 4,000-share sale was an open-market sale — sales are common for liquidity or tax planning and, alone, don’t necessarily signal a change in insider sentiment.
• No 10b5-1 trading plan or gift noted in the provided details. Purchases generally convey more bullish information than sales; these transactions appear routine given the tax withholding and open-market sale.