Dobrowolski Reginaldo 4

What Happened
Reginaldo Dobrowolski, Group Controller at Philip Morris International (PM), disposed of shares in two ways: 250 shares were withheld to cover taxes related to vested restricted/performance units, and he sold 6,000 shares in open-market transactions. Tax-withheld shares (210 + 40) were withheld at $182.67 each (total ≈ $45,668). The open-market sales were 5,000 shares (≈ $917,300) and 1,000 shares (≈ $183,580), for a combined sale proceeds of about $1,100,880. These are sales (not purchases).

Key Details

• Transaction dates: Feb 18, 2026 (tax-withholding on vesting); Feb 20, 2026 (open-market sales). Filing date: Feb 20, 2026 (timely).
• Tax-withholding: 210 shares + 40 shares at $182.67 to satisfy tax obligations on vested RSUs/PSUs (footnote F1).
• Open-market sales: 5,000 shares sold around $183.46–$183.51 (weighted average reported; footnote F4) totaling ≈ $917,300, plus 1,000 shares at $183.58 totaling $183,580.
• Shares owned after transaction: not explicitly stated in the provided filing excerpt. Footnote F2 notes the reporting person’s position includes 7,630 Restricted Share Units; footnote F3 lists spouse holdings (3,464 shares outright and 3,790 RSUs).
• Footnotes: F1 = withholding to satisfy taxes on RSU/PSU vesting; F2 = includes 7,630 RSUs; F3 = spouse’s holdings; F4 = weighted-average sale pricing and range disclosure.
• No indication of a 10% owner status or a 10b5-1 plan in the provided data.

Context
The 250-share disposition was a tax-withholding event related to equity awards vesting (a routine administrative sell-to-cover), while the 6,000-share transactions were open-market sales. Sales by insiders are common and don't necessarily signal a change in company outlook; purchases (which can be more informative) did not occur in this filing. The filing appears timely (filed Feb 20, 2026).