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 following termination of employment.
Summary
- On March 31, 2025, Timothy M. Knavish, Chairman and CEO of PPG Industries, reported the acquisition of 3.7963 phantom stock units.
- These units are convertible to common stock on a one-for-one basis after termination of employment with PPG.
- The price of the phantom stock units was $109.35.
- Following the transaction, Knavish holds a total of 11,561.4031 phantom stock units in the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives and their alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of phantom stock units. |
| 04/01/2025 | Date of signature for the report. |
Keywords
Form 4, PPG Industries, Timothy Knavish, phantom stock units, beneficial ownership, insider trading, deferred compensation plan
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