Jennifer B. Damico - 23 Feb 2022 Form 4 Insider Report for PFIZER INC (PFE)

Role: SVP & Controller
Signature: Susan E. Grant, by power of atty., for Jennifer B. Damico
Issuer symbol: PFE
Transactions as of: 23 Feb 2022
Net transactions value: -$86,632
Form type: 4
Filing time: 25 Feb 2022, 16:46:38 UTC
Previous filing: 17 Feb 2022
Next filing: 01 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFE	Common Stock	Options Exercise	$321,190	+11,748	+118%	$27.34	21,668	23 Feb 2022	Direct	F1
transaction	PFE	Common Stock	Tax liability	$109,629	-2,339	-11%	$46.87	19,329	23 Feb 2022	Direct	F2
transaction	PFE	Common Stock	Tax liability	$298,193	-5,815	-30%	$51.28	13,514	23 Feb 2022	Direct	F3, F4
transaction	PFE	Common Stock	Award	$0	+2,893	+21%	$0.000000	16,407	24 Feb 2022	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PFE	Stock Appreciation Rights	Options Exercise	$0	-11,748	-100%	$0.000000^*	0	23 Feb 2022	Common Stock	11,748	$27.34	Direct
transaction	PFE	Stock Appreciation Rights	Award	$0	+11,623		$0.000000	11,623	24 Feb 2022	Common Stock	11,623	$45.96	Direct	F6
transaction	PFE	Stock Appreciation Rights	Award	$0	+10,222		$0.000000	10,222	24 Feb 2022	Common Stock	10,222	$45.96	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transaction constitutes the earn-out of stock appreciation rights (including dividend equivalents thereon).
F2	The reported transaction constitutes the withholding of shares to satisfy tax obligations in connection with earn-out of stock appreciation rights.
F3	The reported transaction constitutes the withholding of shares to cover payment of exercise price in connection with earn-out of stock appreciation rights (including dividend equivalents thereon).
F4	Under the terms of the settlement of the stock appreciation rights the 20-day average of the closing prices of Pfizer common stock ending on the settlement date is used.
F5	The reported transaction constitutes the grant of restricted stock units, which are subject to certain vesting requirements.
F6	The stock appreciation rights, which are subject to certain vesting requirements, will be settled in shares of Pfizer common stock on the fifth anniversary of the date of grant.
F7	The stock appreciation rights, which are subject to certain vesting requirements, will be settled in shares of Pfizer common stock on the seventh anniversary of the date of grant.