Rady A. Johnson - Feb 22, 2023 Form 4 Insider Report for PFIZER INC (PFE)

Role
Executive Vice President
Signature
Susan E. Grant, by power of atty., for Rady A. Johnson
Stock symbol
PFE
Transactions as of
Feb 22, 2023
Transactions value $
-$79,228
Form type
4
Date filed
2/24/2023, 07:27 PM
Previous filing
Feb 21, 2023
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFE Common Stock Options Exercise $952K +31.6K +42.08% $30.17 107K Feb 22, 2023 Direct F1
transaction PFE Common Stock Tax liability -$192K -4.53K -4.25% $42.38 102K Feb 22, 2023 Direct F2
transaction PFE Common Stock Tax liability -$840K -19.2K -18.83% $43.70 82.8K Feb 22, 2023 Direct F3, F4
holding PFE Common Stock 5.97K Feb 22, 2023 By Rule 16b-3 Plan

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 -31.6K -100% $0.00* 0 Feb 22, 2023 Common Stock 31.6K $30.17 Direct
transaction PFE Stock Appreciation Rights Award $0 +24.8K $0.00 24.8K Feb 23, 2023 Common Stock 24.8K $42.30 Direct F5
transaction PFE Stock Appreciation Rights Award $0 +21.6K $0.00 21.6K Feb 23, 2023 Common Stock 21.6K $42.30 Direct F6
* 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 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.
F6 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.