Combes Michel 4

What Happened

• Michel Combes, a director of Philip Morris International (PM), was granted 1,119 shares on 2026-05-06 as a non‑employee director stock award. The award is valued at approximately $190,152 based on an average price of $169.93 per share.

Key Details

• Transaction date: 2026-05-06; filing date: 2026-05-08 (timely Form 4).
• Shares granted: 1,119; price used to value award: $169.93 (average of high and low on 2026-05-06).
• Reported holdings: includes 10,609 deferred shares held under the Philip Morris International Inc. 2017 Stock Compensation Plan for Non‑Employee Directors — an increase of 1,439 deferred shares (1,119 award + 320 dividend reinvestment) since the last reportable transaction on 2025-05-07.
• Footnotes: F1 = award under the 2017 Non‑Employee Directors plan; F2 = price is average of high/low on grant date; F3 = explains deferred‑share total and increases.

Context

• This was an equity award (compensation) for a non‑employee director — a routine grant rather than an open‑market purchase or sale. Such awards are standard director compensation and don’t necessarily indicate a change in the insider’s view of the company. The award was valued using the average of the day’s high and low price per the filing.