secwatch.observer — SEC 8-K summary
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Issuer:     Philip Morris International Inc. (PM)
CIK:        0001413329
Form:       8-K/A
Filed at:   2026-06-16T20:05:26+00:00
Accession:  0001628280-26-043531
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PM finalizes CFO Andolina's compensation: CHF 1.05M base, 125% IC, 275% equity target
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- Massimo Andolina appointed Group CFO effective Aug 1, 2026, replacing Emmanuel Babeau.
- Annual base salary set at CHF 1,050,010 (~$1.32M based on June 15 rate).
- IC target 125% of base salary; equity target 275% (60% PSUs / 40% RSUs).
- Employment agreement signed June 15, 2026; supersedes prior agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1413329/000162828026043531/0001628280-26-043531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1413329/000162828026043531/pm-20260518.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-043531

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer