Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PM | Common Stock | Award | $0 | +111K | +12.25% | $0.00 | 1.02M | Feb 16, 2022 | Direct | F1 |
transaction | PM | Common Stock | Tax liability | -$722K | -6.52K | -0.64% | $110.64 | 1.01M | Feb 16, 2022 | Direct | F2, F3 |
transaction | PM | Common Stock | Sale | -$8.3M | -75K | -7.42% | $110.69 | 935K | Feb 17, 2022 | Direct | F4 |
Id | Content |
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F1 | These shares of the Issuer's common stock were granted by the Issuer to the Reporting Person as settlement of certain performance shares that were awarded on February 7, 2019, for the performance period of fiscal years 2019 through 2021 (the "Performance Period"). Each performance share converts into one share of the Issuer's common stock and the vesting of such performance shares are contingent upon the Issuer meeting certain performance objectives over the Performance Period. On February 8, 2022, the Issuer's Compensation & Leadership Development Committee of its Board of Directors determined that the Issuer achieved 150% of its targeted performance goals for the Performance Period and thus awarded the Reported Person 110,940 shares of its common stock, representing 150% of the targeted amount, which shares are fully vested. |
F2 | Withholding of shares of Philip Morris International Inc. common stock to satisfy tax obligations in connection with the vesting of Restricted Share Units and Performance Share Units. |
F3 | The average of the high and low price of Philip Morris International Inc. common stock on February 16, 2022. |
F4 | Includes 135,080 Restricted Share Units. |