Form 4: PPG Industries CEO Acquires Phantom Stock Units
SEC Form 4 Filing
Timothy M. Knavish, Chairman and CEO of PPG Industries, reports acquisition of phantom stock units convertible to common stock.
Summary
- Timothy M. Knavish, Chairman and CEO of PPG Industries, filed a Form 4 on April 16, 2025.
- The report details the acquisition of 19.8882 phantom stock units on April 15, 2025, at a price of $99.61 per unit.
- These units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
- Following the transaction, Knavish beneficially owns 11,581.2913 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom stock units by the CEO could be viewed positively by shareholders as it aligns his interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: Acquisition of phantom stock units |
| 04/16/2025 | Date of Form 4 filing |
Keywords
PPG Industries, Timothy M. Knavish, Form 4, phantom stock units, beneficial ownership, CEO, stock options
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