Douglas M. Lankler - Feb 23, 2024 Form 4 Insider Report for PFIZER INC (PFE)

Role
Executive Vice President
Signature
Susan E. Grant, by power of atty., for Douglas M. Lankler
Stock symbol
PFE
Transactions as of
Feb 23, 2024
Transactions value $
$316,226
Form type
4
Date filed
2/27/2024, 01:46 PM
Previous filing
Dec 19, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFE Common Stock Options Exercise $2.62M +95.8K +70.84% $27.34 231K Feb 23, 2024 Direct F1
transaction PFE Common Stock Tax liability -$184K -6.62K -2.87% $27.76 224K Feb 23, 2024 Direct F2
transaction PFE Common Stock Tax liability -$2.12M -77.4K -34.5% $27.37 147K Feb 23, 2024 Direct F3, F4
holding PFE Common Stock 1.83K Feb 23, 2024 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 -95.8K -100% $0.00* 0 Feb 23, 2024 Common Stock 95.8K $27.34 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 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.