# EDGAR Filing Document

**Accession Number:** 0000822671
**File Stem:** 0000869392-23-000407
**Filing Date:** 2023-2
**Character Count:** 24233
**Document Hash:** 76310268bca090b6efc9d4c2fe13fbd9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000407.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000869392-23-000407

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0000822671
- **IRS NUMBER:** 046649095
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05346
- **FILM NUMBER:** 23667441

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CAPITAL MANAGER TRUST /MA/
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Putnam VT Emerging Markets Equity Fund (Series ID: S000003879)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010853 | Class IA Shares |  |
| C000010854 | Class IB Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam Variable Trust

- **b. Investment Company Act file number:** 811-05346

- **c. CIK number of Registrant:** 0000822671

- **d. LEI of Registrant:** 549300TBVD21LYBGBD46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

**Item A.2. Information about the Series.**

- **a. Name of Series:** Putnam VT Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000003879

- **c. LEI of Series:** GOCT55GYSZZ8YF31Q617

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $21717601.13

**Total Liabilities:** $286244.96

**Net Assets:** $21431356.17

**Cash Not Reported:** $66767.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010853 | -4.53%               | 15.07%               | -0.14%               |
| Class ID C000010854 | -4.59%               | 15.03%               | -0.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-90.35                  | $-1044312.15                               |
| Month 2  | $-589227.21              | $3646983.54                                |
| Month 3  | $-757576.82              | $699364.13                                 |

**Designated Index Information**

- **Index Name:** MSCI Emerging Markets Index

- **Index Identifier:** IDX00072

### Schedule of Portfolio Investments

| Name                                            | Title                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANCED MICRO DEVICES INC                      | COMMON STOCK         | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      5768 | NS      | $373593.36    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                | COMMON STOCK - ADR   | CUSIP: N/A<br>LEI: 5493000573DS7005T657       | Long             | EC               | CORP              | CN        |      3283 | NS      | $267728.65    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                      | COMMON STOCK - ADR   | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |      2862 | NS      | $160644.06    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES CORE MSCI EMERGING MARKETS ETF          | EXCHANGE TRADED FUND | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |      3203 | NS      | $149580.10    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA GROUP LTD                                   | ORDINARY SHARES      | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |     43800 | NS      | $487075.06    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED TECHNOLOGY INC                           | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2200 | NS      | $120609.72    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                      | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | CN        |     14852 | NS      | $418990.63    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                       | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | CN        |     36816 | NS      | $406815.75    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| DINO POLSKA SA                                  | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |      2545 | NS      | $218000.96    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DIXON TECHNOLOGIES INDIA LTD                    | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 335800D7XO7AVXXJ8575       | Long             | EC               | CORP              | IN        |      2337 | NS      | $110299.17    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COUNTRY GARDEN SERVICES HOLDINGS CO LTD         | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 549300P2JRKENZSEBB42       | Long             | EC               | CORP              | CN        |     46000 | NS      | $114566.10    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMBER ALFARIA TRIJAYA TBK PT                   | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   1001200 | NS      | $170430.70    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| KB FINANCIAL GROUP INC                          | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |      9324 | NS      | $357622.78    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX MILLS LTD/THE                           | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 33580037PCXCE5PNQU51       | Long             | EC               | CORP              | IN        |      7692 | NS      | $132260.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                                | ORDINARY SHARES      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       274 | NS      | $231869.76    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI INDUSTRIES LTD                              | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 335800UDWBC2AWPU7M56       | Long             | EC               | CORP              | IN        |      9417 | NS      | $166724.04    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                        | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     49245 | NS      | $257615.78    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD       | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | CN        |     30300 | NS      | $340831.09    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ABU DHABI ISLAMIC BANK PJSC                     | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |     65558 | NS      | $162618.68    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| COPA HOLDINGS SA                                | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |      2842 | NS      | $236369.14    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LEENO INDUSTRIAL INC                            | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1526 | NS      | $187657.57    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITUAN                                         | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | CN        |     21700 | NS      | $485685.00    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN INOVANCE TECHNOLOGY CO LTD             | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     17450 | NS      | $174457.33    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      5100 | NS      | $231806.18    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GUJARAT FLUOROCHEMICALS LTD                     | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 335800AQPB19VEXI8M93       | Long             | EC               | CORP              | IN        |      2093 | NS      | $78700.65     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRE TESTING INTERNATIONAL GROUP CO LTD       | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     68400 | NS      | $219416.83    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MAX HEALTHCARE INSTITUTE LTD                    | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 3358005LALYV4GZOYF67       | Long             | EC               | CORP              | IN        |     51070 | NS      | $271338.31    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD       | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    128000 | NS      | $1867807.58   | 8.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPRITE HOLDINGS LTD                           | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |     19626 | NS      | $261044.71    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLO AMERICAN PLC                              | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |      5405 | NS      | $211011.71    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                 | ORDINARY SHARES      | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      2437 | NS      | $330505.99    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                      | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     21888 | NS      | $957221.35    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| WAL-MART DE MEXICO SAB DE CV                    | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    142336 | NS      | $503122.86    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG SDI CO LTD                              | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |       781 | NS      | $365022.54    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROCHINA CO LTD                               | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    536000 | NS      | $245151.78    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                         | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     21878 | NS      | $673608.63    | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SA             | ORDINARY SHARES      | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       585 | NS      | $425762.19    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT EXPLORATION  AND  PRODUCTION PCL            | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |     23500 | NS      | $119756.03    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO FINANCIERO BANORTE SAB DE CV              | ORDINARY SHARES      | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     82573 | NS      | $594259.49    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                  | ORDINARY SHARES      | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    107944 | NS      | $1162358.42   | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIAN HOTELS CO LTD                            | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               | CORP              | IN        |     53416 | NS      | $205741.67    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LTD               | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |     17775 | NS      | $215156.35    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FARADAY TECHNOLOGY CORP                         | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     46000 | NS      | $213271.30    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO HOSPITALS ENTERPRISE LTD                 | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      5004 | NS      | $270831.75    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                        | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    879000 | NS      | $482765.38    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SERVICES INC   | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |     81320 | NS      | $291848.73    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES GAS GROUP LTD                   | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900A0E1J5JSOKEK83       | Long             | EC               | CORP              | HK        |     37200 | NS      | $139640.89    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE INDONESIA TBK PT                           | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 5299002HHYBH7C6WBQ62       | Long             | EC               | CORP              | ID        |    226700 | NS      | $103392.97    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHTRONIC INDUSTRIES CO LTD                    | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |     10000 | NS      | $111588.70    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HANSOL CHEMICAL CO LTD                          | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       861 | NS      | $126307.24    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SINBON ELECTRONICS CO LTD                       | ORDINARY SHARES      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     30000 | NS      | $268419.25    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD                                      | ORDINARY SHARES      | CUSIP: Y1023R104<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     15500 | NS      | $382463.54    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK MANDIRI PERSERO PT                         | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |    749500 | NS      | $477840.85    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MENGNIU DAIRY CO LTD                      | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 2549005Q343BSJ8RSS21       | Long             | EC               | CORP              | HK        |     76000 | NS      | $344682.24    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HOLDINGS LTD                            | ORDINARY SHARES      | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |     25400 | NS      | $1086881.60   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE GROUP CO OF CHINA LTD         | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |     66000 | NS      | $436733.31    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA CONSULTANCY SERVICES LTD                   | ORDINARY SHARES      | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     17880 | NS      | $703853.45    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LI NING CO LTD                                  | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | CN        |     45500 | NS      | $394932.39    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND               | SHORT TERM INV FUND  | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |    819827 | NS      | $819827.00    | 3.83%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL S.A                           | STOCK UNIT           | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |     43600 | OU      | $197695.72    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA N.A.                            | Total Return Swap    | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DE               | CORP              | US        |      7192 | NC      | $62293.67     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                            | Total Return Swap    | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DE               | CORP              | US        |     10495 | NC      | $90902.67     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                            | Total Return Swap    | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DE               | CORP              | US        |     14680 | NC      | $127151.14    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                            | Total Return Swap    | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DE               | CORP              | US        |     37316 | NC      | $323213.35    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer