Marc S. Firestone

PRES EXT AFF & GEN COUNSEL · PHILIP MORRIS INTERNATIONAL INC. · CIK 0001269372

FILING MIX · LIFETIME40%/60%

BUYS

SELLS

TOTAL VALUE

$4.62M

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

191,177

AVG SELL PX

$82.83

Trades · vs SPY

Loading price series…

Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Marc S. Firestone, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+50.00%	+1.37%	+0.57%	+0.81%	+0.81%	—
14d	2	+50.00%	-2.91%	-4.87%	+1.95%	+1.95%	—
30d	2	+50.00%	-7.86%	-8.45%	+0.60%	+0.60%	—
60d	2	+50.00%	-4.67%	-1.77%	-2.90%	-2.90%	—
90d	2	+100.00%	-11.01%	+1.33%	-12.34%	-12.34%	—
180d	2	+50.00%	+3.15%	+13.86%	-10.71%	-10.71%	—
1y	2	+0.00%	+20.86%	+29.46%	-8.60%	-8.60%	—
2y	2	+0.00%	+38.13%	+36.95%	+1.17%	+1.17%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

PM · 191,177 shares · as of Aug 10, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 2 buys / 3 sellsCOVERAGE · 3 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
PM PHILIP MORRIS INTERNATIONAL INC.	SALE Pres Ext Aff & Gen Counsel	17,000	$77.99	$1.33M	191,177	Aug 10, 2020	Aug 12, 2020 ↗
PM PHILIP MORRIS INTERNATIONAL INC.	SALE Pres Ext Aff & Gen Counsel	22,000	$86.27	$1.90M	208,177	Feb 26, 2020	Feb 28, 2020 ↗
PM PHILIP MORRIS INTERNATIONAL INC.	SALE Pres Ext Aff & Gen Counsel	1,428	$87.43	$124.8K	230,177	Feb 19, 2020	Feb 21, 2020 ↗
PM PHILIP MORRIS INTERNATIONAL INC.	PURCHASEGRANT Stock grant	14,610	$86.69	$1.27M	219,905	Feb 6, 2020	Feb 10, 2020 ↗
PM PHILIP MORRIS INTERNATIONAL INC.	PURCHASEGRANT Stock grant	11,700	—	—	231,605	Feb 6, 2020	Feb 10, 2020 ↗

Other insiders · PM

Loading peer insiders…

About this filer

CIK 0001269372

ROLE

Pres Ext Aff & Gen Counsel

PRIMARY

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001269372DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Marc S. Firestone

The morning brief, before the bell.