Form 4: PPG Industries CEO Timothy Knavish Reports Acquisition of Phantom Stock Units
SEC Filing
PPG Industries Chairman and CEO Timothy M. Knavish reported the acquisition of phantom stock units convertible to common stock, according to a recent SEC filing.
Summary
- Timothy M. Knavish, Chairman and CEO of PPG Industries, reported a transaction involving phantom stock units.
- On June 12, 2024, Knavish acquired 53.9394 phantom stock units, which convert to common stock on a one-for-one basis after termination of employment.
- The price of the transaction was $130.41 per unit.
- Following the reported transaction, Knavish beneficially owns 10,923.3747 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency into the alignment of executive interests with shareholder value.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of transaction: Acquisition of phantom stock units. |
| 06/14/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.