Michael McDermott - Feb 26, 2022 Form 4 Insider Report for PFIZER INC (PFE)

Role
Executive Vice President
Signature
Susan E. Grant, by power of atty., for Michael McDermott
Stock symbol
PFE
Transactions as of
Feb 26, 2022
Transactions value $
-$153,990
Form type
4
Date filed
3/1/2022, 03:03 PM
Previous filing
Feb 25, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFE Common Stock Options Exercise $316K +12.3K +17.33% $25.60 83.5K Feb 26, 2022 Direct F1
transaction PFE Common Stock Tax liability -$113K -2.37K -2.84% $47.72 81.2K Feb 26, 2022 Direct F2, F3
transaction PFE Common Stock Tax liability -$292K -5.76K -7.1% $50.64 75.4K Feb 26, 2022 Direct F4, F5
transaction PFE Common Stock Tax liability -$65K -1.38K -1.84% $46.94 74K Feb 28, 2022 Direct F6

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 -12.3K -100% $0.00* 0 Feb 26, 2022 Common Stock 12.3K $25.60 Direct
* 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 Price is the closing price of Pfizer common stock on February 25, 2022.
F4 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).
F5 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.
F6 The reported transaction constitutes the withholding of shares to satisfy tax obligations upon the vesting of restricted stock units (including dividend equivalents thereon).