Philip Morris BDR program executes 8-for-1 stock split, adjusts ratio to 1:16 - PM News | RalliesPhilip Morris BDR program executes 8-for-1 stock split, adjusts ratio to 1:16
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PM• BDR ratio adjustment and stock split details
- Philip Morris International BDR program set a ratio adjustment to 1:16 from 1:2 underlying share-to-BDR, effective July 27, 2026.
- Mandatory stock split to deliver 7 additional BDRs for each 1 BDR held on July 24, 2026; credit date July 29, 2026.
- Fractional entitlements will be paid in cash, subject to income tax deductions.
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