Philip Morris International Inc.

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SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

Filed by a Party other than the Registrant ☐

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

(Name of registrant as specified in its charter)

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.

Annual Meeting of Shareholders and Proxy Statement

Dear Fellow Shareholder: You are cordially invited to join us at the 2026 Annual Meeting of Shareholders of Philip Morris International Inc. ("PMI", the "Company"or"we") to be held on Wednesday, May 6, 2026, at 9:00 a.m. Eastern Daylight Time ("EDT"). As such, we are pleased to once again host a virtual meeting this year. Meaningful shareholder engagement is important to us, and our virtual Annual Shareholders Meetings, conducted solely online through a live webcast, have facilitated participation of our shareholders worldwide, regardless of their resources, size or physical location, while saving us and our shareholders time and travel expenses. 2025 Year in Review 2025 was another remarkable year for PMI, with a fifth consecutive year of volume growth, net revenues surpassing $40 billion, including close to $17 billion from our smoke-free business, and further operating margin expansion. Our performance continues to be fueled by the international business, which generated most of our organic net revenue growth, led by our smoke-free product portfolio. At the same time, our combustibles business remained resilient and with disciplined management delivered another year of strong performance. Our achievements this year are a testament to the dedication of our ∼84,900 employees worldwide, who once again brought their passion, resilience, and talent to everything they do. We extend our sincere thanks for their unwavering commitment and hard work.

Looking to the Future The global economic environment remains challenging and volatile. Nevertheless, this is an exciting time for PMI. We continue to see significant opportunities for our transformed business to lead the industry in an evolving operating environment. We believe continued progress towards becoming a substantially smoke-free company will allow us to play a pivotal role in improving public health by accelerating an end to cigarettes, while securing the long-term future of our company and the sustainability of our earnings and dividend growth for years to come. Your vote is important. We encourage you to sign and return your proxy card, or use telephone or Internet voting prior to the meeting, so that your shares of common stock will be represented and voted at the meeting even if you do not attend.

André Calantzopoulos Chairman of the Board

Notice of 2026 Virtual Annual Meeting of Shareholders There is no physical location for the shareholders to attend the 2026 Virtual Annual Meeting of Shareholders. Shareholders may instead participate online at www.virtualshareholdermeeting.com/PM2026 . To participate, you will need to enter the 16-digit control number included on your proxy card, notice of Internet availability of proxy materials, or on the voting instruction form accompanying your proxy materials. Meeting Agenda Recommendation 1. To elect the ten directors named in this proxy statement to our Board of Directors. FOR each director nominee 2. To vote on an advisory resolution to approve the compensation of our named executive officers. FOR 3. To ratify the selection of PricewaterhouseCoopers SA as independent auditors for the Company for the fiscal year ending December 31, 2026. FOR 4. To vote on a shareholder proposal to issue a report on filter cleanup costs and extended producer responsibility laws for filters, if properly presented at the meeting. AGAINST 5. To transact other business properly coming before the meeting.

Your vote is important. We urge each shareholder to promptly sign and return the enclosed proxy card or to use telephone or internet voting. See the questions and answers section for information about voting by telephone or Internet, how to revoke a proxy, and how to vote your shares of common stock. If you plan to participate in the 2026 Virtual Annual Meeting of Shareholders, please follow the instructions set forth on page 77 in response to Question 4.

By Internet Visit proxyvote.com with your proxy card in hand and follow the instructions to obtain your records and create an electronic voting instruction form. By Phone Call 1-800-690-6903 with your proxy card in hand and follow the instructions to cast your vote. By Mail Mark, sign and date your proxy card and return it in the postage-paid envelope provided or return it to: Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. At the Meeting During the meeting, visit virtualshareholder meeting.com/PM2026 with your 16-digit control number found on your proxy card or other proxy materials.

Darlene Quashie Henry Vice President, Associate General Counsel and Corporate Secretary March 26, 2026

Meeting Date & Time May 6, 2026, 9:00 a.m. EDT Record Date Each shareholder of record as of close of business on March 13, 2026 is entitled to one vote for each share of common stock held. As of the record date, there were 1,558,530,268 shares of common stock issued and outstanding. Voting Deadline Proxies submitted by telephone or Internet must be received by 11:59 p.m. EDT, on May 5, 2026. Date Of Mailing On or about March 26, 2026. 2025 Annual Report A copy of our 2025 Annual Report is enclosed.

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on May 6, 2026: The Company's Proxy Statement and 2025 Annual Report are available at www.pmi.com/ investor-relations/overview .

Table of Contents Proxy Summary 2 Board Operations and Governance 5 Board Responsibilities and Meetings 5 Governance Guidelines, Policies and Codes 6 Leadership Structure 7 Committees of the Board 8 Board Risk Oversight 13 Communications with the Board 1 5 Strong Governance Practices 15 Election of Directors 1 7 Process for Nominating Directors 1 7 Recommendations of the Board; Director Attributes, Refreshment and Tenure 1 8 Independence of Nominees 1 8 Majority Vote Standard in Uncontested Elections 1 9 Director Nominees 1 9 Compensation of Directors 30 Stock Ownership Information 3 2 Ownership of Equity Securities 3 2 Compensation Discussion and Analysis 3 4 Executive Summary 3 4 Additional Compensation Policies and Processes 5 0 Compensation and Leadership Development Committee Report 5 3

Compensation Tables 5 4 Summary Compensation Table 5 4 All Other Compensation 5 5 Grants of Plan-Based Awards During 202 5 5 7 Outstanding Equity Awards as of December 31, 202 5 5 8 Stock Option Exercises and Stock Vested During 202 5 6 0 Pension Benefits 6 1 Employment Contracts, Termination of Employment and Change in Control Arrangements 6 3 Pay Ratio 6 5 Pay versus Performance 6 6 Advisory Vote Approving Executive Compensation 69 Audit and Risk Committee Matters 7 0 Ratification of the Selection of Independent Auditors 7 2 Shareholder Proposal 7 3 Related Person Transactions and Code of Conduct 7 5 Availability of Reports, Other Matters and 202 7 Annual Meeting 7 6 Exhibit A: Questions & Answers 7 7 Exhibit B: Reconciliations 8 2 Exhibit C: Glossary of Terms 8 7

Proxy Summary This proxy statement contains proposals to be voted on at our Annual Meeting of Shareholders and other information about Philip Morris International Inc. (the "Company", "PMI", "we," "us,"or"our") and our corporate governance practices. Below is a brief summary of certain information provided in this proxy statement. The summary does not reflect all of the information you should consider. Please read the entire proxy statement carefully before voting. Who We Are PMI at a Glance

PMI is a leading consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long-term to include products outside of the tobacco and nicotine sector. PMI's principal executive offices are located at 677 Washington Blvd., Suite 1100, Stamford, Connecticut 06901, and it is listed on the New York Stock Exchange (NYSE: PM).

≈84,900 employees around the world ≈1,600 R&D scientists, engineers, technicians and support staff working on smoke-free products ≈170 markets where our products are sold 41.5% of PMI total net revenues attributable to smoke-free business in 2025 (a) 50 owned production facilities worldwide

(a) Reflects PMI smoke-free business net revenues of $16.9 billion as a percentage of PMI total net revenues of $40.6 billion. 2025 Annual Performance Targets and Results

PMI met or exceeded all of the annual performance-based targets pre-established by the Compensation and Leadership Development Committee ("Compensation Committee") for annual cash incentive compensation awards. Against an overall target of 100, the Compensation Committee certified a performance rating of 115. See below for achievements against individual performance targets and their relative weights. More information is available on pages 41-43. Growth Measure (a) Target Achieved Result Weight Performance Rating Share of Top 30 OI Markets (b) 14 -17 19 15% 110 Smoke-Free Shipment Volume (c) 173.8 - 179.1 176.9 15% 100 Adjusted Net Revenues (d) 6.5 - 7.5% 6.5% 20% 100 Adjusted OI (d) 10.5 - 12.0% 10.6% 15% 100 Operating Cash Flow (e) 10.6 - 11.1 12.2 20% 134 Strategic Initiatives 100% 118% 15% 118 Adjusted OI Currency Modifier (f) 50% - 80% 110% +/- 5 pp +5 pp

(a) See Exhibit B for a reconciliation of non-GAAP to the most directly comparable U.S. GAAP financial numbers. (b) Number of Top 30 OI markets in which total share of market was growing or stable. For exceptions, see Exhibit C: Glossary of Terms. (c) Smoke-Free Shipment volume includes HTU, nicotine pouches, snus, and e-Vapor pods and disposables, with the volume for each product measured on a converted per stick basis. (d) Organic growth. (e) Net cash provided by operating activities, in USD billion. (f) Ratio of annual increase in Adjusted OI (including currency) less acquisitions and divestitures over the annual increase in Adjusted OI excluding currency, acquisitions and divestitures. Ratios <50% reduce the final performance rating by 5 percentage points; ratios between 50% and 80% have no impact; and ratios >80% increase the performance rating by 5 percentage points. 2 DELIVERING A SMOKE-FREE FUTURE

Investor Outreach Consistent with past practice, throughout 2025, the Company engaged in an extensive shareholder outreach program during which it sought input on a range of matters, including our business performance, corporate governance, and executive compensation.

Who we engaged How we engaged What we learned

59/100 ~70% 93 ~67% Engagements provided us with a better understanding of our shareholders' priorities, perspectives and positions. The substance of these engagements was reported to our Compensation Committee, our Nominating and Corporate Governance Committee, and our entire Board of Directors.

In 2025, we met with 59 of our top 100 institutional investors , either in person or virtually, representing approximately 70% of our available global shareholder base (which excludes index and pension funds that typically do not meet with management). In addition to these regular Investor Relations engagements, we invited 93 of our largest shareholders (including their governance decision makers), holding approximately 67% of our outstanding shares to participate in individual conference calls.

In 2025, the Company also commissioned an investor perception study to understand the attitudes of our key sell-side and buy-side analysts toward the Company so that we can continue to address investor expectations in future communications. Those surveyed have expressed confidence in the overall effectiveness of our smoke-free strategy, including the sustainable earnings growth potential and the deployment of capital. The results of this survey were presented to our senior management and to our Board of Directors. In 2025, we continued our practice of targeted shareholder engagement concerning our executive compensation program. Additional information about this outreach can be found on page 36. PMI 2026 PROXY STATEMENT 3

More than 130 Nationalities As of December 31, 2025, we employed approximately 84,900 people worldwide of more than 130 nationalities, including full-time, temporary and part-time staff.

Global Company We are subject to numerous different laws and regulations relating to our relationship with our employees. We engage with legally recognized employee representative bodies and we have collective bargaining agreements in several of the countries in which we operate.

European Works Council In accordance with European Union requirements, we have established a European Works Council composed of management and elected members of our workforce.

Smoke-Free Future To be successful, we must continue transforming our culture and ways of working, align our talent with our business needs and innovate to become a truly consumer-centric business.

Developing Talent To achieve our strategic goals, we aim to attract, retain, develop and motivate global talent that has the right degree of experience, competencies and skills.

Compensation We set our compensation and benefit programs at the levels we believe are necessary to achieve business goals and remain competitive with other consumer product companies.

Performance-Driven Approach We focus on fostering a performance-driven and collaborative culture and we recognize the value of our global workforce and their contributions. We remain committed to the impact, growth, and well-being of our employees, providing them with the right environment, support, and resources for their careers and professional development.

These principles are codified in our cultural values, which we call the PMI DNA, and we embed these principles throughout our people and business guidelines, practices, and systems.

Our Board of Directors (the "Board") provides oversight of various matters pertaining to our workforce, and the Compensation Committee of the Board is responsible for executive compensation matters and oversight of the risks and programs related to talent management. Our Code of Conduct highlights our commitment to ethical business conduct and honesty, respect, and fairness in our ways of working.

Board Operations and Governance Board of Directors Primary Responsibilities