Item 5.02.               Departure of Directors or Certain Officers; Election of Directors;
                         Appointment of Certain Officers; Compensatory Arrangements of Certain
                         Officers.

On June 11, 2020, Philip Morris International Inc. (the "Company") announced the retirement of Marc S. Firestone, President External Affairs and General Counsel. In connection with Mr. Firestone's retirement, on November 3, 2020, he and Philip Morris Products S.A., a subsidiary of the Company, entered into an Early Retirement Agreement and Release (the "Agreement"), with the following terms:

- Mr. Firestone will receive a severance payment of CHF 765,005 (or $ 835,202)1, which is determined based on his years of service;

- Mr. Firestone's 2020 incentive compensation award will be based on actual individual and Company performance ratings, pro-rated through October 31, 2020 and paid at the end of February 2021;

- Mr. Firestone's restricted share units will vest fully, and his performance share units will vest as scheduled and certified by the Compensation and Leadership Development Committee of the Board of Directors of the Company, in each case, in accordance with his award agreements; and

- Mr. Firestone will receive a cash payment of CHF 1,530,009 (or $ 1,670,403)1 subject to compliance with a 24-month non-compete obligation.

1 Using the average conversion rate on November 3, 2020 of CHF 1.00 = $ 1.09176.

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