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Insider Trends: Insider at Philip Morris International Receives Stock Award, Does not Sell, Slowing 90-Day Selling Trend

05/07/2021 12:16

04:09 PM EDT, 05/07/2021 (MT Newswires) -- Michel Combes, Director, May 05, 2021, was awarded 1,839 Philip Morris International (PM) shares which translated into approximately $178,052 based on the daily closing price. After the Form 4 filing with the SEC, Combes owns 2,873 shares of the company, with a market value, based on the prior-day closing price, of $278,164.

Over the last 90 days, previous to the date of this filing, there have been 21 insider transactions reported to the SEC for Philip Morris International. These transactions came from the activities of 17 separate insiders that resulted in a net disposition of 93,686 company shares. Relative to the preceding 90-day window of time, there were 30 transactions from 28 insiders that resulted in the net acquisition of 374,773 shares.

This level of insider transactions is below that of the peer group average in the 9-company Tobacco peer group over the last 90-day period. Activity in the peer group averaged 78.1 transactions per company, and disposition of 150,039 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1413329/000118248921000092/xslF345X03/edgar.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.