Form 4: PPG Industries CEO Timothy Knavish Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
PPG Industries Chairman and CEO Timothy Knavish reported the acquisition of phantom stock units convertible to common stock, according to a Form 4 filing with the SEC.
Summary
- On October 15, 2024, Timothy M. Knavish, Chairman and CEO of PPG Industries, reported acquiring 31.2232 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 phantom stock units was $129.87.
- Following the transaction, Knavish beneficially owns 11,249.4415 phantom stock units through the PPG Industries, Inc. Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock ownership, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies like PPG Industries.
Stakeholder Impact
- The acquisition of phantom stock units by the CEO may be viewed positively by shareholders as it aligns his interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of transaction: Acquisition of phantom stock units. |
| 10/16/2024 | 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.