Altria Group, Inc. has announced a "blackout period" under the Deferred Profit-Sharing Plan for Salaried Employees and the Deferred Profit-Sharing Plan for Hourly Employees (DPS Plans), which will impact directors and executive officers of the company. This blackout period, in effect from 4:00 p.m. Eastern Time on July 10, 2025, until the week of July 13, 2025, is due to the transition of certain trustee services from State Street Bank and Trust Company to Fidelity Management Trust Company.
During this period, participants in the DPS Plans will have limited access to their accounts and will be unable to direct or diversify their investments, or obtain a loan, withdrawal, or distribution from their DPS Plan accounts. Furthermore, directors and executive officers will be subject to trading restrictions, prohibiting the direct or indirect purchase, sale, or transfer of any common stock of the company, or any derivatives of the company's common stock acquired in connection with their service. These restrictions also apply to transactions involving immediate family members living in their household and certain entities in which they have financial involvement.
It is important to note that these restrictions apply in addition to the other restrictions on trading activity under the company's Insider Trading Policy, and any violation may result in disgorgement of profits from the transaction, as well as civil and criminal penalties.
For further information or clarification regarding these restrictions, individuals may contact Brandt Surgner, Vice President, Corporate Secretary, and Associate General Counsel at Altria Group, Inc. The market has reacted to these announcements by moving the company's shares -0.34% to a price of $60.4215. For more information, read the company's full 8-K submission here.
