Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: Our share repurchase activity for each of the three months in the quarter ended September 30, 2021 was as follows:
+Added: Our share repurchase activity for each of the three months in the quarter ended March 31, 2022, was as follows:
Period Total Number
8 unchanged sentences
Under the Plans or
−Removed: July 1, 2021 –
−Removed: July 31, 2021 (1) 428,982 $ 98.84 428,982 $ 6,957,597,899
−Removed: August 1, 2021 –
−Removed: August 31, 2021 (1) 438,077 $ 99.58 867,059 $ 6,913,974,249
−Removed: September 1, 2021 –
−Removed: September 30, 2021 (1) 82,800 $ 96.63 949,859 $ 6,905,973,359
+Added: January 1, 2022 –
+Added: January 31, 2022 (1) 377,393 $ 97.65 8,892,022 $ 6,178,541,816
+Added: February 1, 2022 –
+Added: February 28, 2022 (1) 668,911 $ 107.16 9,560,933 $ 6,106,858,356
+Added: March 1, 2022 –
+Added: March 31, 2022 (1) 920,426 $ 97.79 10,481,359 $ 6,016,847,275
Pursuant to Publicly
1 unchanged sentence
or Programs 1,966,730 $ 100.95
−Removed: July 1, 2021 –
−Removed: July 31, 2021 (2) 5,868 $ 99.02
−Removed: August 1, 2021 –
−Removed: August 31, 2021 (2) 9,242 $ 100.28
−Removed: September 1, 2021 –
−Removed: September 30, 2021 (2) 18,844 $ 103.10
−Removed: For the Quarter Ended September 30, 2021 983,813 $ 99.08
+Added: January 1, 2022 –
+Added: January 31, 2022 (2) 14,393 $ 96.86
+Added: February 1, 2022 –
+Added: February 28, 2022 (2) 218,668 $ 110.52
+Added: March 1, 2022 –
+Added: March 31, 2022 (2) 2,884 $ 100.55
+Added: For the Quarter Ended March 31, 2022 2,202,675 $ 101.88
(1) On June 11, 2021, our Board of Directors authorized a new share repurchase program of up to $7 billion, with target spending of $5 billion to $7 billion over a three-year period that commenced in July 2021.
1 unchanged sentence
(2) Shares repurchased represent shares tendered to us by employees who vested in restricted and performance share unit awards and used shares to pay all, or a portion of, the related taxes.
−Removed: 10.1 Separation Agreement and Release, dated August 16, 2021, between Martin G.
−Removed: King and Philip Morris Services S.A.
−Removed: (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed August 20, 2021).
−Removed: 10.2 Credit Agreement, dated as of September 29, 2021, among PMI, the lenders named therein, Citibank Europe PLC, UK Branch, as facility agent, and Citibank, N.A., as swingline agent (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed September 30 , 2021).
+Added: 10.1 Amendment and Extension Agreement, effective February 1, 2022, among PMI, the lenders named therein and Citibank Europe PLC, UK Branch (legal successor to Citibank International Limited), as administrative agent (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed February 1, 2022) .
+Added: 10.2 Amendment and Extension Agreement, effective February 10, 2022, among PMI, the lenders named therein, Citibank Europe PLC, UK Branch, as facility agent, and Citibank, N.A., as swingline agent (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed February 1 , 2022) .
+Added: 10.3 Supplemental Letter to the Offer Letter with Drago Azinovic, dated December 7, 2008.
+Added: 10.4 Employment Agreement with Drago Azinovic, effective August 1, 2012.
+Added: 10.5 Supplemental Letter to the Employment Agreement with Drago Azinovic, effective April 1, 2017.
+Added: 10.6 Supplemental Letter to the Employment Agreement with Drago Azinovic, effective January 1, 2018.
+Added: 10.7 Employment Agreement with Jorge Insuasty, effective January 1, 2021.
+Added: 10.8 Supplemental Letter to the Employment Agreement with Jacek Olczak, effective March 1, 2022.
+Added: 10.9 Form of Restricted Stock Unit Agreement (2022 Grant).
+Added: 10.10 Form of Performance Stock Unit Agreement (2022 Grant).
+Added: 10.11 Restricted Stock Unit Agreement (2022 Grant) (Emmanuel Babeau).
+Added: 10.12 Performance Stock Unit Agreement (2022 Grant) (Emmanuel Babeau).
31.1 Certification of the Registrant's Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
16 unchanged sentences
Chief Financial Officer
−Removed: October 27, 2021
+Added: April 28, 2022
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.