Pfizer PAC

1 Corporate Affairs Government Relations Pfizer PAC and Corporate Polit ical Contributions ReportJanuary 2019 December 2020 Pfizer PACP olitical Action CommitteeLeading the Conversation Government Relations & Pfizer PAC Leading the Conversation and Making an Impact A Message from Sally Susman & Rady Johnson, Co-Chairs, Pfizer PACWe are pleased to share our 2020 election cycle political contributions report, whichincludes a list of candidates and political committees supported either by Pfizer Inc. or the Pfizer PAC from January 1, 2019 through December 31, has been a year like no other, and we are proud of the all the hard work and long hours our colleagues dedicated and continue to dedicate to develop and deliver the first COVID-19 vaccine.

2 As if COVID wasn t enough, 2020 was also a big election year and Pfizer and the Pfizer PAC continued to support candidates of both political parties who support policies that impact our purpose: Breakthroughs that change patients lives. We do not contribute to Presidential candidates or super PACs. In the 2020 cycle, Pfizer PAC and Pfizer Inc. supported 1,842 candidates and multiple political committees at all levels of the government. Forty-nine percent of the Pfizer PAC disbursements in the 2019-2020 cycle went to Republicans and 46% went to Democrats. We continue to advance our purpose to discover and deliver breakthroughs that change patients lives, thanks to our PAC members and our Pfizer Government Relations team, who are on the ground educating and engaging elected officials about Pfizer s Pfizer s Chief Compliance & Corporate Affairs Officers, we can tell you unequivocally that our decision to contribute to any elected official is made based on ethical, responsible, and just policies that support innovation incentives and patients access to breakthrough medicines and vaccines.

3 Our PAC support does not imply an endorsement of a candidate s position on any social or religious issue. We consider our support of the PAC a vote for Pfizer ; we make this vote with the same pride that we do when we show up at the voting booth and vote for candidates who we believe ar e best for our profession and our families. No breakthrough can get to patients without a favorable regulatory and legislative framework. The Pfizer PAC helps ensure that framework is hope you will take some time to review the report to see which candidates the PAC supported in your state and community.

4 Our priority in 2021 is to help build a constructive discourse in the political and regulatory environment while supporting policies and policymakers who share these same ideals. Those policy priorities include improving patient affordability and access, defending against threats to our patents and intellectual property, protecting patients from dangerous insurance barriers and counterfeit medicines, ensuring patients continue to have robust access to innovative medicines in Medicare Part D and keeping an eye on burdensome tax policies. As Pfizer s PAC Co-Chairs, and through our interactions with elected officials, we see first-hand how decisions are made that impact our ability to bring breakthrough medicines and vaccines to patients and physicians who rely on us every day.

5 We must ensure our voice is heard so that patients can continue to be first in everything we you for your support,Sally Susman Rady JohnsonExecutive Vice President Executive Vice PresidentChief Corporate Affairs Officer Chief Compliance, Quality & Risk OfficerCo-Chair, Pfizer PAC Co-Chair, Pfizer PAC3 Pfizer PACL eading the Conversation. What is a PAC?PAC stands for Political Action Committee. A political action committee is a government-regulated organization that anyone can form to raise money for political campaign donations. PACs are formed by individuals, non-profits, and even many major Does P izer PAC Work?

6 The Pfizer political action committee, Pfizer PAC, is a nonpartisan organization that provides opportunities for employees to participate in the American political process. The Pfizer PAC is an employee-run organization with a Steering Committee made up of Pfizer employees from different divisions of the company. All corporate PACs are funded by voluntary employee contributions. Pfizer PAC is no different; it relies on the participation of Pfizer colleagues. Who Receives Pfizer PAC Contributions? Pfizer PAC is nonpartisan. It supports Democrats and Republicans who support policies that impact our purpose: Breakthroughs that change patients lives.

7 From January 2019 through December 2020, Pfizer PAC supported 950 choosing to make a contribution to a candidate, our Government Relations colleagues consider candidates views and voting record on policy issues that impact patient access to breakthrough medicines and vaccines as well as the impact on our employees and Pfizer facilities in the candidate s district or state. A complete list of Pfizer PAC and state corporate political contributions for January 2019 December 2020 is included in this PAC & POLITICAL CONTRIBUTIONS GOVERNANCE POLICYP fizer complies fully with all federal, state, and local laws and reporting requirements governing PAC and corporate political contributions.

8 Pfizer has a Corporate Policy Procedure (#802a) that requires all PAC and corporate political contributions to be compiled and published annually in a report that is made available to employees, shareholders, and the public, and posted on the Company s website at in Lobbying and Political Contributions under the About Pfizer tab within the Corporate Governance section. At the end of each Federal cycle (every two years), the Pfizer PAC is audited by Withum, a certified public accounting and advisory firm. Pfizer also requests that trade associations receiving total payments of $100,000 or more from Pfizer in a given year report the portion of Pfizer dues or payments used for expenditures or contributions that, if made directly by Pfizer , would not be deductible under section 162(e)(1)(B) of the Internal Revenue Code.

9 We are disclosing such information received from our trade associations in this report. Pfizer has a PAC Steering Committee comprised of five colleagues who review and approve all PAC and corporate political contributions on a monthly basis. To ensure adequate representation, Steering Committee members represent different divisions within the Pfizer organization. The PAC Steering Committee evaluates candidates on a basis of their views on issues that impact Pfizer and its colleagues. It also takes note of whether Pfizer facilities or colleagues reside in a candidate s district or state. In addition, all PAC and corporate contribution requests are shared with the Pfizer Political Contributions Policy Committee for review.

10 The Political Contributions Policy Committee is responsible for governing the Pfizer PAC. Pfizer does not traditionally make contributions to 527 Issue Organizations. If we were asked to make such a contribution, it would have to be reviewed and approved by the Political Contributions Policy Committee and subsequently disclosed in our semi-annual report. Finally, in light of the Supreme Court decision in the Citizens United case, Pfizer has determined that it will not make any direct independent expenditures, a decision which has been discussed at the executive level as well as with the Corporate Governance Committee of our Board.