Form 4: PPG Industries CEO Timothy Knavish Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
PPG Industries Chairman and CEO Timothy Knavish reports the acquisition of phantom stock units convertible to common stock after termination of employment.
Summary
- On October 31, 2024, Timothy M. Knavish, Chairman and CEO of PPG Industries, acquired 36.6759 phantom stock units.
- These units convert to common stock on a one-for-one basis after termination of employment with PPG.
- The price of the derivative security was $124.51.
- Following the transaction, Knavish directly owns 11,286.1174 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and neither positive nor negative sentiment is applicable.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/31/2024 | Date of transaction: Acquisition of phantom stock units |
| 11/01/2024 | Date of signature for the report |
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