Form 4: PPG Industries CEO Timothy Knavish Reports Acquisition of Phantom Stock Units

Timothy Knavish, Chairman and CEO of PPG Industries, reports acquiring phantom stock units convertible to common stock after termination of employment.

Summary

• On June 14, 2024, Timothy M. Knavish, Chairman and CEO of PPG Industries, reported a transaction involving phantom stock units.
• Knavish acquired 33.7447 phantom stock units at a price of $127.32 each.
• These units convert to common stock on a one-for-one basis after termination of employment with PPG.
• Following the reported transaction, Knavish holds a total of 10,957.1194 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
• The number of shares attributed to Knavish as a Plan participant may change depending on the fair market value of PPG's common stock and the amount of cash in the fund.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider alignment with company performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the holdings of key personnel and their alignment with shareholder interests.

Stakeholder Impact

• The transaction reflects the company's compensation strategy and its alignment with executive incentives.
• Shareholders can monitor insider transactions to gauge management's confidence in the company's future performance.

Key Dates